Thrivent Financial for Lutherans Has $482,000 Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Thrivent Financial for Lutherans decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,269 shares of the transportation company’s stock after selling 252 shares during the period. Thrivent Financial for Lutherans’ holdings in C.H. Robinson Worldwide were worth $482,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of C.H. Robinson Worldwide by 0.8% during the third quarter. BlackRock Inc. now owns 15,539,864 shares of the transportation company’s stock valued at $1,496,647,000 after buying an additional 129,133 shares in the last quarter. Invesco Ltd. increased its holdings in shares of C.H. Robinson Worldwide by 6.5% in the 1st quarter. Invesco Ltd. now owns 1,367,124 shares of the transportation company’s stock valued at $147,252,000 after purchasing an additional 83,250 shares during the period. Eaton Vance Management increased its holdings in shares of C.H. Robinson Worldwide by 27.0% in the 1st quarter. Eaton Vance Management now owns 1,328,146 shares of the transportation company’s stock valued at $143,054,000 after purchasing an additional 282,532 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of C.H. Robinson Worldwide by 4.4% in the third quarter. UBS Asset Management Americas Inc. now owns 1,304,652 shares of the transportation company’s stock worth $125,651,000 after purchasing an additional 54,807 shares in the last quarter. Finally, Clarkston Capital Partners LLC grew its position in C.H. Robinson Worldwide by 2.0% during the third quarter. Clarkston Capital Partners LLC now owns 1,154,364 shares of the transportation company’s stock valued at $111,177,000 after purchasing an additional 22,653 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 0.1 %

NASDAQ CHRW opened at $99.42 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $86.60 and a twelve month high of $121.23. The stock has a market cap of $11.58 billion, a PE ratio of 16.01, a PEG ratio of 3.45 and a beta of 0.79. The firm has a 50-day simple moving average of $98.05 and a 200 day simple moving average of $97.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.10 and a current ratio of 1.10.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The transportation company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.03). The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.80 billion. C.H. Robinson Worldwide had a return on equity of 50.56% and a net margin of 3.50%. C.H. Robinson Worldwide’s revenue was down 32.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 EPS. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.01 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 2nd will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, June 1st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 39.29%.

Insider Activity

In other news, insider Michael John Short sold 16,155 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $104.56, for a total transaction of $1,689,166.80. Following the sale, the insider now directly owns 75,937 shares in the company, valued at approximately $7,939,972.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Michael John Short sold 16,155 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $104.56, for a total value of $1,689,166.80. Following the completion of the transaction, the insider now directly owns 75,937 shares of the company’s stock, valued at approximately $7,939,972.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mac S. Pinkerton sold 7,624 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $101.57, for a total value of $774,369.68. Following the completion of the sale, the insider now directly owns 87,001 shares in the company, valued at approximately $8,836,691.57. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “underweight” rating and set a $87.00 target price for the company. in a research report on Friday, February 17th. Sanford C. Bernstein lowered their target price on C.H. Robinson Worldwide from $110.00 to $92.00 and set a “market perform” rating on the stock in a research note on Thursday, February 2nd. Susquehanna cut their price target on C.H. Robinson Worldwide from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, April 10th. StockNews.com started coverage on C.H. Robinson Worldwide in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Morgan Stanley initiated coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, February 2nd. They issued a “sell” rating and a $64.00 target price for the company. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $95.64.

About C.H. Robinson Worldwide

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C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.