Altiora Financial Group LLC Decreases Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Altiora Financial Group LLC lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 43.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,000 shares of the transportation company’s stock after selling 6,241 shares during the period. Altiora Financial Group LLC’s holdings in C.H. Robinson Worldwide were worth $883,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Quent Capital LLC grew its stake in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Eastern Bank bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $55,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $108.70 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10. The firm has a fifty day simple moving average of $107.45 and a two-hundred day simple moving average of $96.69. The firm has a market cap of $12.85 billion, a PE ratio of 37.61, a P/E/G ratio of 1.26 and a beta of 0.84. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period last year, the firm earned $0.84 EPS. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.28%. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Analyst Ratings Changes

Several analysts have weighed in on CHRW shares. Evercore ISI lifted their price objective on 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. Benchmark lifted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Cowen boosted their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird boosted 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. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $107.63.

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.