C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 63.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,370 shares of the transportation company’s stock after selling 5,857 shares during the period. Ironwood Investment Counsel LLC’s holdings in C.H. Robinson Worldwide were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $118,976,000. Boston Partners lifted its stake in shares of C.H. Robinson Worldwide by 53.0% in the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after purchasing an additional 1,218,968 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of C.H. Robinson Worldwide by 78.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after purchasing an additional 884,160 shares during the period. Qube Research & Technologies Ltd boosted its holdings in C.H. Robinson Worldwide by 119.6% during the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after buying an additional 432,406 shares in the last quarter. Finally, State Street Corp grew its position in C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after buying an additional 397,177 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CHRW. Weiss Ratings raised shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, January 14th. Loop Capital set a $206.00 price target on C.H. Robinson Worldwide in a research report on Monday, February 2nd. Citigroup boosted their price objective on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, Stephens set a $173.00 target price on C.H. Robinson Worldwide in a research note on Thursday, October 30th. Sixteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $181.29.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,849 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $194.20, for a total value of $553,275.80. Following the completion of the sale, the insider owned 28,149 shares of the company’s stock, valued at approximately $5,466,535.80. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael John Short sold 1,230 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $175.00, for a total transaction of $215,250.00. Following the completion of the transaction, the insider owned 53,928 shares in the company, valued at $9,437,400. The trade was a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,469 shares of company stock valued at $1,155,491. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $200.59 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.59. The stock’s 50 day simple moving average is $170.77 and its 200-day simple moving average is $145.35. The company has a market cap of $23.70 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $0.63 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.17%.

C.H. Robinson Worldwide Company Profile

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.