Gulf International Bank UK Ltd Sells 221 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Gulf International Bank UK Ltd lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,109 shares of the transportation company’s stock after selling 221 shares during the quarter. Gulf International Bank UK Ltd’s holdings in C.H. Robinson Worldwide were worth $941,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CHRW. Venturi Wealth Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 111 shares during the period. National Pension Service acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $25,000. Quarry LP lifted its holdings in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $41,000. Finally, Brooklyn Investment Group grew its stake in C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 2.4 %

NASDAQ CHRW opened at $101.62 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. 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 capitalization of $12.06 billion, a PE ratio of 26.39, a P/E/G ratio of 1.16 and a beta of 0.82. The stock has a 50-day simple moving average of $102.14 and a 200 day simple moving average of $104.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates 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 forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.44%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHRW. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Robert W. Baird lifted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. TD Cowen increased their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Benchmark reaffirmed a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Finally, Barclays increased their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.17.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide 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 transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide 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.