C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 16,696 shares of the transportation company’s stock after selling 1,480 shares during the period. C.H. Robinson Worldwide makes up about 1.1% of Guardian Wealth Advisors LLC’s holdings, making the stock its 15th largest holding. Guardian Wealth Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $1,843,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quent Capital LLC grew its position in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after acquiring an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares during the period. Venturi Wealth Management LLC grew its position in C.H. Robinson Worldwide by 83.5% in 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 last quarter. Eastern Bank acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $55,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CHRW shares. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Susquehanna reduced their target price 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. Evercore ISI lifted their target price on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their target price for the company from $76.00 to $99.00 in a report on Monday, July 22nd. Finally, BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $109.99 on Tuesday. The stock has a market capitalization of $13.00 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. 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 50 day moving average price of $106.92 and a 200 day moving average price of $96.33.

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, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

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.