C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,002 shares of the transportation company’s stock after selling 186 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in C.H. Robinson Worldwide were worth $442,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its holdings in C.H. Robinson Worldwide by 10.7% in the third quarter. Public Sector Pension Investment Board now owns 5,159 shares of the transportation company’s stock valued at $569,000 after purchasing an additional 500 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of C.H. Robinson Worldwide by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock valued at $155,149,000 after purchasing an additional 153,654 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of C.H. Robinson Worldwide by 154.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,931 shares of the transportation company’s stock valued at $15,444,000 after purchasing an additional 84,943 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in C.H. Robinson Worldwide during the third quarter worth $1,021,000. Finally, Glenmede Trust Co. NA grew its position in C.H. Robinson Worldwide by 11.1% during the third quarter. Glenmede Trust Co. NA now owns 7,760 shares of the transportation company’s stock valued at $856,000 after buying an additional 774 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.3 %

Shares of NASDAQ:CHRW opened at $105.58 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The stock has a market cap of $12.48 billion, a P/E ratio of 36.53, a PEG ratio of 1.20 and a beta of 0.84. The business has a fifty day moving average of $107.99 and a two-hundred day moving average of $97.73. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts expect 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 given a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.35%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. BMO Capital Markets increased their price target on 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. The Goldman Sachs Group boosted their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup lowered C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, Susquehanna cut their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $107.63.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is owned by 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.