ProShare Advisors LLC Sells 132,434 Shares of C.H. Robinson Worldwide, Inc. $CHRW

ProShare Advisors LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,643,324 shares of the transportation company’s stock after selling 132,434 shares during the period. ProShare Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $217,576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CHRW. Arlington Trust Co LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $34,000. Quent Capital LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $37,000. CYBER HORNET ETFs LLC acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $30,000. MUFG Securities EMEA plc acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $34,000. Finally, FNY Investment Advisers LLC purchased a new stake in C.H. Robinson Worldwide in the second quarter valued at about $38,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 1.6%

CHRW stock opened at $200.59 on Monday. The company has a market capitalization of $23.70 billion, a P/E ratio of 41.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34. The firm’s fifty day simple moving average is $170.77 and its 200-day simple moving average is $145.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.21 earnings per share. As a group, equities research analysts forecast 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 Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.17%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,849 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total value of $553,275.80. Following the sale, the insider owned 28,149 shares in the company, valued at approximately $5,466,535.80. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael John Short sold 2,390 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total transaction of $386,964.90. Following the transaction, the insider directly owned 55,158 shares of the company’s stock, valued at approximately $8,930,631.78. This trade represents a 4.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,469 shares of company stock valued at $1,155,491 over the last three months. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CHRW. Benchmark boosted their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Truist Financial lifted their target price on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Morgan Stanley upped their price target on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Stephens set a $173.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, Wolfe Research reissued an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.