BB&T Corp decreased its stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,678 shares of the transportation company’s stock after selling 1,017 shares during the quarter. BB&T Corp owned about 0.10% of C.H. Robinson Worldwide worth $11,157,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of C.H. Robinson Worldwide by 42.0% during the 3rd quarter. FMR LLC now owns 4,178,198 shares of the transportation company’s stock worth $409,129,000 after acquiring an additional 1,235,725 shares during the last quarter. Ashler Capital LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $63,015,000. Vanguard Group Inc boosted its stake in C.H. Robinson Worldwide by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 16,437,440 shares of the transportation company’s stock valued at $1,609,555,000 after purchasing an additional 491,114 shares during the period. Clearbridge Investments LLC boosted its stake in C.H. Robinson Worldwide by 27,368.4% in the 3rd quarter. Clearbridge Investments LLC now owns 436,748 shares of the transportation company’s stock valued at $42,766,000 after purchasing an additional 435,158 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in C.H. Robinson Worldwide by 5,659.5% in the 3rd quarter. Renaissance Technologies LLC now owns 363,308 shares of the transportation company’s stock valued at $35,575,000 after purchasing an additional 357,000 shares during the period. 88.20% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:CHRW opened at $90.90 on Thursday. The firm has a market cap of $12.51 billion, a PE ratio of 19.22, a P/E/G ratio of 2.00 and a beta of 0.61. The company has a quick ratio of 1.85, a current ratio of 1.92 and a debt-to-equity ratio of 0.84. C.H. Robinson Worldwide Inc has a fifty-two week low of $78.83 and a fifty-two week high of $101.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, February 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. C.H. Robinson Worldwide’s dividend payout ratio is currently 42.28%.
In related news, insider Jordan T. Kass sold 1,382 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $90.80, for a total transaction of $125,485.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is owned by corporate insiders.
Several analysts recently issued reports on CHRW shares. Zacks Investment Research downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. BidaskClub upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Citigroup reduced their price target on C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Finally, Loop Capital started coverage on C.H. Robinson Worldwide in a research report on Wednesday, October 17th. They set a “buy” rating and a $107.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $96.67.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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