WealthPlan Investment Management LLC Has $306,000 Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

WealthPlan Investment Management LLC cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 41.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,965 shares of the transportation company’s stock after selling 2,068 shares during the period. WealthPlan Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its holdings in C.H. Robinson Worldwide by 0.9% in the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after acquiring an additional 98 shares in the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after buying an additional 105 shares in the last quarter. Venturi Wealth Management LLC raised its holdings 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 buying an additional 111 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of C.H. Robinson Worldwide by 3.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after buying an additional 131 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after buying an additional 144 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction that occurred on 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 directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Trading Up 0.9 %

NASDAQ CHRW opened at $99.49 on Friday. The business’s 50-day moving average price is $103.91 and its two-hundred day moving average price is $104.54. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The firm has a market capitalization of $11.76 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.12 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS 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%. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.49%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHRW. TD Cowen boosted their price target 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. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Susquehanna lowered their price target on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, January 30th. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Citigroup lowered their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and an average price target 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.