Marathon Asset Management Ltd Sells 36,620 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Marathon Asset Management Ltd decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 26.3% during the third quarter, HoldingsChannel reports. The firm owned 102,502 shares of the transportation company’s stock after selling 36,620 shares during the quarter. Marathon Asset Management Ltd’s holdings in C.H. Robinson Worldwide were worth $13,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in C.H. Robinson Worldwide in the second quarter worth about $30,000. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $32,000. MUFG Securities EMEA plc purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $34,000. FNY Investment Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $38,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of C.H. Robinson Worldwide by 203.4% during the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and raised their price objective for the company from $134.00 to $148.00 in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Stephens set a $173.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. UBS Group raised their target price on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Stifel Nicolaus lifted their target price on shares of C.H. Robinson Worldwide from $155.00 to $184.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $149.48.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the transaction, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider owned 34,046 shares in the company, valued at $5,164,778.20. This represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.2%

Shares of C.H. Robinson Worldwide stock opened at $164.63 on Monday. The company has a 50-day simple moving average of $151.99 and a two-hundred day simple moving average of $128.52. The stock has a market capitalization of $19.45 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.10 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 $167.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a $0.63 dividend. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.12%.

C.H. Robinson Worldwide Company 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.