Metis Global Partners LLC Lowers Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Metis Global Partners LLC trimmed its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,987 shares of the transportation company’s stock after selling 324 shares during the period. Metis Global Partners LLC’s holdings in C.H. Robinson Worldwide were worth $1,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after purchasing an additional 177,119 shares during the last quarter. ProShare Advisors LLC boosted its stake in C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after buying an additional 526,872 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in C.H. Robinson Worldwide by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company’s stock valued at $115,921,000 after buying an additional 34,632 shares in the last quarter. Interval Partners LP bought a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $82,581,000. Finally, Pzena Investment Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 0.5% during the 2nd quarter. Pzena Investment Management LLC now owns 877,727 shares of the transportation company’s stock worth $77,345,000 after acquiring an additional 4,679 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 1.2 %

Shares of CHRW opened at $110.19 on Friday. The firm has a fifty day moving average price of $106.75 and a 200-day moving average price of $95.95. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $13.03 billion, a P/E ratio of 38.13, a P/E/G ratio of 1.29 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the firm earned $0.84 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CHRW shares. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, October 31st. UBS Group upgraded shares of 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 report on Friday, October 4th. Susquehanna lowered their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Finally, BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $107.63.

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.