Plato Investment Management Ltd Trims Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Plato Investment Management Ltd lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 14.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,653 shares of the transportation company’s stock after selling 2,925 shares during the quarter. Plato Investment Management Ltd’s holdings in C.H. Robinson Worldwide were worth $1,727,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. National Pension Service purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $25,000. Venturi Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $33,000. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $41,000. Finally, Quarry LP lifted its stake in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 1.2 %

Shares of NASDAQ CHRW opened at $100.37 on Tuesday. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a market cap of $11.91 billion, a P/E ratio of 26.07, a P/E/G ratio of 1.16 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $102.06 and a 200 day moving average price of $104.74.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock worth $1,513,656 over the last ninety days. Corporate insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Benchmark reissued a “buy” rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Bank of America dropped their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Raymond James dropped their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $117.17.

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.