Eliot Finkel Investment Counsel LLC Sells 765 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Eliot Finkel Investment Counsel LLC lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,535 shares of the transportation company’s stock after selling 765 shares during the period. C.H. Robinson Worldwide comprises 2.4% of Eliot Finkel Investment Counsel LLC’s holdings, making the stock its 20th largest position. Eliot Finkel Investment Counsel LLC’s holdings in C.H. Robinson Worldwide were worth $3,922,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Quent Capital LLC raised its holdings in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $49,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $55,000. Finally, EdgeRock Capital LLC purchased a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $62,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.7 %

NASDAQ CHRW opened at $110.13 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $113.10. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The stock’s fifty day moving average price is $104.21 and its 200-day moving average price is $90.67. The stock has a market cap of $12.90 billion, a P/E ratio of 43.53, a P/E/G ratio of 2.19 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.96 by $0.19. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. C.H. Robinson Worldwide’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $0.62 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. C.H. Robinson Worldwide’s dividend payout ratio is presently 98.02%.

Analysts Set New Price Targets

Several research firms have weighed in on CHRW. Robert W. Baird increased their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Benchmark boosted their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Finally, TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $100.29.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.