C.H. Robinson Worldwide, Inc. (CHRW) Stake Decreased by Sei Investments Co.

Sei Investments Co. decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 73.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,250 shares of the transportation company’s stock after selling 6,114 shares during the quarter. Sei Investments Co.’s holdings in C.H. Robinson Worldwide were worth $171,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHRW. First Eagle Investment Management LLC lifted its position in C.H. Robinson Worldwide by 8,008.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock worth $289,039,000 after acquiring an additional 4,156,590 shares during the period. Harris Associates L P lifted its position in C.H. Robinson Worldwide by 273.2% during the 2nd quarter. Harris Associates L P now owns 1,027,045 shares of the transportation company’s stock worth $70,537,000 after acquiring an additional 751,820 shares during the period. Janus Henderson Group PLC lifted its position in C.H. Robinson Worldwide by 3,618.9% during the 2nd quarter. Janus Henderson Group PLC now owns 566,205 shares of the transportation company’s stock worth $38,887,000 after acquiring an additional 550,980 shares during the period. Alliancebernstein L.P. lifted its position in C.H. Robinson Worldwide by 168.7% during the 2nd quarter. Alliancebernstein L.P. now owns 793,718 shares of the transportation company’s stock worth $54,513,000 after acquiring an additional 498,362 shares during the period. Finally, Capital International Investors lifted its position in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. Capital International Investors now owns 8,678,462 shares of the transportation company’s stock worth $596,037,000 after acquiring an additional 469,829 shares during the period. 94.68% of the stock is owned by institutional investors.

In related news, VP Angela K. Freeman sold 1,300 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total value of $104,832.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jordan T. Kass sold 1,738 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $78.75, for a total value of $136,867.50. Following the sale, the insider now owns 24,348 shares of the company’s stock, valued at $1,917,405. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,903 shares of company stock valued at $1,854,925. 0.85% of the stock is owned by company insiders.

C.H. Robinson Worldwide, Inc. (CHRW) opened at $86.21 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.55. C.H. Robinson Worldwide, Inc. has a 52 week low of $63.41 and a 52 week high of $89.11. The firm has a market capitalization of $12,043.97, a PE ratio of 25.73, a P/E/G ratio of 2.96 and a beta of 0.48.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $0.90 EPS. C.H. Robinson Worldwide’s revenue for the quarter was up 12.8% compared to the same quarter last year. research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, December 15th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45. C.H. Robinson Worldwide’s payout ratio is currently 53.73%.

CHRW has been the subject of a number of research reports. Cowen reaffirmed a “hold” rating and set a $68.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, August 25th. Stephens raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $73.00 to $90.00 in a report on Wednesday, August 30th. UBS raised C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $65.00 to $75.00 in a report on Tuesday, September 5th. Zacks Investment Research raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, KeyCorp reissued a “buy” rating and issued a $78.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $77.35.

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C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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