Thrivent Financial for Lutherans Has $532,000 Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Thrivent Financial for Lutherans cut its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,819 shares of the transportation company’s stock after selling 122 shares during the period. Thrivent Financial for Lutherans’ holdings in C.H. Robinson Worldwide were worth $532,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CHRW. Massmutual Trust Co. FSB ADV grew its stake in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after buying an additional 185 shares during the period. CHICAGO TRUST Co NA acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $205,000. SG Americas Securities LLC grew its stake in shares of C.H. Robinson Worldwide by 74.2% in the 2nd quarter. SG Americas Securities LLC now owns 32,791 shares of the transportation company’s stock valued at $2,890,000 after buying an additional 13,968 shares during the period. Twelve Points Wealth Management LLC grew its stake in shares of C.H. Robinson Worldwide by 80.6% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 12,564 shares of the transportation company’s stock valued at $1,107,000 after buying an additional 5,607 shares during the period. Finally, Sound Income Strategies LLC bought a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $159,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHRW has been the topic of several recent research reports. Barclays raised their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Stock Up 0.0 %

C.H. Robinson Worldwide stock opened at $107.62 on Thursday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.21 and a beta of 0.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a 50 day simple moving average of $107.96 and a 200 day simple moving average of $98.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business earned $0.84 EPS. C.H. Robinson Worldwide’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.30%. C.H. Robinson Worldwide’s dividend payout ratio is 85.81%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.18% of the stock is owned by company insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.