C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 93.5% in the third quarter, Holdings Channel.com reports. The firm owned 16,380 shares of the transportation company’s stock after selling 234,840 shares during the quarter. Pzena Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $2,169,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after buying an additional 24,788 shares during the period. United Services Automobile Association purchased a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $259,000. Empowered Funds LLC lifted its position in C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after buying an additional 350 shares in the last quarter. Woodline Partners LP grew its stake in C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after buying an additional 2,930 shares during the period. Finally, Focus Partners Wealth increased its position in shares of C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after acquiring an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $185.19 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average is $175.62 and its two-hundred day moving average is $150.08. The company has a market capitalization of $21.97 billion, a PE ratio of 38.34, a P/E/G ratio of 1.96 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the firm posted $1.21 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is currently 52.17%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,368 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the transaction, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 2,849 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $194.20, for a total value of $553,275.80. Following the completion of the sale, the insider owned 28,149 shares of the company’s stock, valued at $5,466,535.80. This trade represents a 9.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have purchased 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. 1.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent research reports. Stephens set a $173.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Citigroup upped their target price on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a report on Thursday, January 29th. The Goldman Sachs Group restated a “neutral” rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, January 14th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $188.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. Fifteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.29.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.