Fieldview Capital Management LLC Sells 60,234 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Fieldview Capital Management LLC reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 94.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,332 shares of the transportation company’s stock after selling 60,234 shares during the quarter. Fieldview Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Clearstead Advisors LLC boosted its stake in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after acquiring an additional 128 shares during the last quarter. Arlington Trust Co LLC acquired a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $34,000. Quent Capital LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $37,000. CYBER HORNET ETFs LLC acquired a new stake in C.H. Robinson Worldwide in the second quarter worth $30,000. Finally, MUFG Securities EMEA plc acquired a new stake in C.H. Robinson Worldwide in the second quarter worth $34,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Down 3.3%

Shares of NASDAQ:CHRW opened at $175.86 on Wednesday. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $180.97 and its 200 day simple moving average is $156.31. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 1.91 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The firm had revenue of $3.91 billion during 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 company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 EPS. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.17%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHRW. Raymond James Financial reissued an “outperform” rating and issued a $215.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Benchmark raised their price objective 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. The Goldman Sachs Group reiterated a “neutral” rating and set a $149.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, January 14th. Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a research note on Monday, February 2nd. Finally, UBS Group set a $160.00 price target on C.H. Robinson Worldwide in a report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.29.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Arun Rajan bought 605 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were purchased at an average price of $167.11 per share, for a total transaction of $101,101.55. Following the purchase, the insider owned 133,656 shares of the company’s stock, valued at approximately $22,335,254.16. The trade was a 0.45% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the company’s 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 transaction, the insider directly owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders acquired 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. 0.91% of the stock is currently owned by corporate insiders.

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.