Wilkins Investment Counsel Inc. Decreases Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Wilkins Investment Counsel Inc. decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,485 shares of the transportation company’s stock after selling 165 shares during the period. Wilkins Investment Counsel Inc.’s holdings in C.H. Robinson Worldwide were worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHRW. National Pension Service purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $25,000. Proficio Capital Partners LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $33,000. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Mainstream Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Finally, Quarry LP lifted its holdings in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,048 shares of company stock worth $1,513,656. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.7 %

Shares of NASDAQ:CHRW opened at $99.31 on Thursday. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $100.91 and a 200 day moving average price of $104.48.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays raised their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft assumed coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Finally, Bank of America decreased their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.65.

About C.H. Robinson Worldwide

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.