Chevy Chase Trust Holdings LLC Sells 1,043 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Chevy Chase Trust Holdings LLC lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 62,885 shares of the transportation company’s stock after selling 1,043 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in C.H. Robinson Worldwide were worth $6,941,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CHRW. FMR LLC grew its holdings in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. Interval Partners LP bought a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $82,581,000. Point72 Asset Management L.P. bought a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $69,378,000. ProShare Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after purchasing an additional 526,872 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 137.8% in the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock valued at $47,573,000 after buying an additional 249,774 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHRW. Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Citigroup cut shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. Barclays raised their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. 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. 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 report on Thursday, October 31st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Stock Down 1.3 %

CHRW opened at $106.17 on Friday. The stock has a fifty day moving average of $107.95 and a 200-day moving average of $98.33. The company has a market capitalization of $12.55 billion, a P/E ratio of 36.74, a P/E/G ratio of 1.23 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors 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 2.34%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 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 value of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.47% of the company’s stock.

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.