Yousif Capital Management LLC Sells 3,326 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Yousif Capital Management LLC cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,313 shares of the transportation company’s stock after selling 3,326 shares during the period. Yousif Capital Management LLC owned about 0.07% of C.H. Robinson Worldwide worth $10,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Security National Bank of SO Dak bought a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $225,000. Exchange Traded Concepts LLC increased its position in C.H. Robinson Worldwide by 64.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 88,025 shares of the transportation company’s stock valued at $11,655,000 after purchasing an additional 34,343 shares during the period. Brighton Jones LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $1,335,000. Pioneer Wealth Management Group purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $265,000. Finally, USA Financial Formulas bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $794,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on CHRW shares. Stephens set a $173.00 target price on C.H. Robinson Worldwide in a report on Thursday, October 30th. Truist Financial boosted their price target on C.H. Robinson Worldwide from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group raised their price objective on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. BMO Capital Markets reiterated a “market perform” rating and issued a $140.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Finally, Stifel Nicolaus increased their price target on shares of C.H. Robinson Worldwide from $155.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.48.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the transaction, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.2%

C.H. Robinson Worldwide stock opened at $164.59 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $19.44 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90. The stock has a 50-day moving average of $149.73 and a two-hundred day moving average of $127.05. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $167.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.