Luminus Management LLC lessened its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,247,824 shares of the transportation company’s stock after selling 144,814 shares during the period. C.H. Robinson Worldwide accounts for 2.4% of Luminus Management LLC’s investment portfolio, making the stock its 10th biggest position. Luminus Management LLC owned approximately 0.89% of C.H. Robinson Worldwide worth $111,168,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in CHRW. Wolverine Asset Management LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter worth $138,000. Independence Bank of Kentucky bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $186,000. Private Advisor Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $204,000. Personal Capital Advisors Corp bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $213,000. Finally, Brighton Jones LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $214,000. 94.49% of the stock is currently owned by institutional investors and hedge funds.
C.H. Robinson Worldwide Inc (CHRW) opened at $91.74 on Monday. C.H. Robinson Worldwide Inc has a 12-month low of $63.41 and a 12-month high of $100.18. The stock has a market cap of $12,820.55, a PE ratio of 26.36, a P/E/G ratio of 2.37 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.26 and a current ratio of 1.26.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 2nd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.84 dividend on an annualized basis and a yield of 2.01%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.54%.
A number of equities research analysts have recently weighed in on the stock. Cleveland Research raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Edward Jones raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday. Cowen reaffirmed an “outperform” rating and set a $103.00 target price (up previously from $88.00) on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 31st. Robert W. Baird reaffirmed a “hold” rating and set a $95.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 31st. Finally, KeyCorp reaffirmed an “overweight” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $82.53.
In other C.H. Robinson Worldwide news, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $93.97, for a total value of $662,206.59. Following the completion of the transaction, the insider now directly owns 14,323 shares of the company’s stock, valued at $1,345,932.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Wiehoff sold 13,946 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $92.08, for a total transaction of $1,284,147.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,248 shares of company stock valued at $2,704,578. 0.85% of the stock is currently owned by corporate insiders.
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About C.H. Robinson Worldwide
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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