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

Fullcircle Wealth LLC lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,533 shares of the transportation company’s stock after selling 172 shares during the quarter. Fullcircle Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $712,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at $1,051,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 13.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after buying an additional 26,156 shares during the period. abrdn plc lifted its holdings in shares of C.H. Robinson Worldwide by 2.6% in the third quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock valued at $55,818,000 after buying an additional 12,992 shares during the period. Cetera Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at $6,665,000. Finally, Forsta AP Fonden lifted its holdings in shares of C.H. Robinson Worldwide by 113.2% in the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock valued at $9,106,000 after buying an additional 43,800 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research analyst reports. Barclays upped their price objective on C.H. Robinson Worldwide from $75.00 to $85.00 and gave the company an “underweight” rating in a report on Thursday. Robert W. Baird boosted their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Susquehanna cut their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $103.53.

C.H. Robinson Worldwide Trading Down 1.2 %

CHRW stock traded down $1.22 during midday trading on Friday, hitting $101.82. 1,570,109 shares of the company’s stock were exchanged, compared to its average volume of 1,542,602. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $11.94 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.82. The stock’s fifty day moving average price is $105.72 and its 200-day moving average price is $93.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 31.35% and a net margin of 1.96%. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.44%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s payout ratio is presently 85.81%.

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.