Eliot Finkel Investment Counsel LLC Sells 765 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Eliot Finkel Investment Counsel LLC cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,535 shares of the transportation company’s stock after selling 765 shares during the period. C.H. Robinson Worldwide comprises approximately 2.4% of Eliot Finkel Investment Counsel LLC’s portfolio, making the stock its 20th biggest holding. Eliot Finkel Investment Counsel LLC’s holdings in C.H. Robinson Worldwide were worth $3,922,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares during the period. First Eagle Investment Management LLC increased its holdings in C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after buying an additional 2,003,158 shares during the last quarter. Interval Partners LP bought a new stake in C.H. Robinson Worldwide in the second quarter worth about $82,581,000. Pzena Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the first quarter valued at about $66,474,000. Finally, Point72 Asset Management L.P. bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at approximately $69,378,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $110.13 on Friday. The firm has a 50 day simple moving average of $104.21 and a two-hundred day simple moving average of $90.67. The stock has a market cap of $12.90 billion, a PE ratio of 43.53, a P/E/G ratio of 2.19 and a beta of 0.82. 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 current ratio of 1.42 and a quick ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 annualized dividend and a yield of 2.25%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio is currently 98.02%.

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 that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CHRW. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Tuesday, July 9th. Barclays lifted their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Evercore ISI boosted their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Robert W. Baird raised their price objective on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average target price of $100.29.

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.