New York Life Investment Management LLC Reduces Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

New York Life Investment Management LLC lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,509 shares of the transportation company’s stock after selling 730 shares during the quarter. New York Life Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $2,946,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its stake in C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after acquiring an additional 98 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after acquiring an additional 105 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in 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 valued at $27,000 after acquiring an additional 111 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 131 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $101.62 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The stock’s 50 day moving average is $102.14 and its two-hundred day moving average is $104.67. The firm has a market capitalization of $12.06 billion, a PE ratio of 26.39, a P/E/G ratio of 1.16 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.44%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Raymond James decreased their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Susquehanna decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. Barclays raised their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. StockNews.com raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Thursday. Finally, BMO Capital Markets raised their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.17.

C.H. Robinson Worldwide 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.