Altiora Financial Group LLC Cuts Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Altiora Financial Group LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 43.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the transportation company’s stock after selling 6,241 shares during the period. Altiora Financial Group LLC’s holdings in C.H. Robinson Worldwide were worth $883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC grew its position in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after acquiring an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares in the last quarter. Venturi Wealth Management LLC grew its position in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares in the last quarter. Eastern Bank bought a new stake in C.H. Robinson Worldwide in the third quarter worth about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in C.H. Robinson Worldwide in the third quarter worth about $55,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CHRW. Susquehanna decreased their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group raised their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Evercore ISI raised their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Barclays raised their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Finally, BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $107.63.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $108.70 on Friday. The company’s 50 day moving average is $107.45 and its 200 day moving average is $96.69. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 1.26 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide 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.