EverSource Wealth Advisors LLC Sells 277 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

EverSource Wealth Advisors LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 41.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 397 shares of the transportation company’s stock after selling 277 shares during the period. EverSource Wealth Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System grew its holdings in shares of C.H. Robinson Worldwide by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the transportation company’s stock worth $846,000 after purchasing an additional 100 shares during the last quarter. Resources Investment Advisors LLC. grew its holdings in shares of C.H. Robinson Worldwide by 1.0% in the first quarter. Resources Investment Advisors LLC. now owns 10,529 shares of the transportation company’s stock worth $1,134,000 after purchasing an additional 109 shares during the last quarter. Intercontinental Wealth Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 0.8% in the first quarter. Intercontinental Wealth Advisors LLC now owns 13,502 shares of the transportation company’s stock worth $1,454,000 after purchasing an additional 110 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in shares of C.H. Robinson Worldwide by 0.8% in the first quarter. First Republic Investment Management Inc. now owns 15,472 shares of the transportation company’s stock worth $1,666,000 after purchasing an additional 116 shares during the last quarter. Finally, Ellevest Inc. grew its holdings in shares of C.H. Robinson Worldwide by 67.6% in the first quarter. Ellevest Inc. now owns 290 shares of the transportation company’s stock worth $31,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 92.16% of the company’s stock.

Analyst Ratings Changes

CHRW has been the topic of a number of research analyst reports. Vertical Research cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating and set a $104.00 price target on the stock. in a report on Wednesday, August 17th. Wolfe Research cut shares of C.H. Robinson Worldwide from an “outperform” rating to a “peer perform” rating in a report on Tuesday, July 12th. Morgan Stanley increased their target price on shares of C.H. Robinson Worldwide from $63.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, July 28th. Citigroup increased their target price on shares of C.H. Robinson Worldwide from $113.00 to $123.00 in a report on Thursday, July 28th. Finally, Evercore ISI dropped their target price on shares of C.H. Robinson Worldwide from $115.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, July 12th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus price target of $110.81.

Insider Buying and Selling

In related news, insider Jordan T. Kass sold 1,583 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $110.14, for a total value of $174,351.62. Following the transaction, the insider now owns 45,602 shares in the company, valued at approximately $5,022,604.28. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Henry J. Maier acquired 922 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were acquired at an average price of $108.45 per share, with a total value of $99,990.90. Following the purchase, the director now directly owns 922 shares of the company’s stock, valued at $99,990.90. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jordan T. Kass sold 1,583 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $110.14, for a total transaction of $174,351.62. Following the sale, the insider now directly owns 45,602 shares in the company, valued at approximately $5,022,604.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,215 shares of company stock worth $3,887,292. 1.64% of the stock is owned by company insiders.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $103.79 on Friday. The firm has a market capitalization of $12.86 billion, a P/E ratio of 12.49, a PEG ratio of 1.37 and a beta of 0.73. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $109.82 and a 200 day moving average price of $106.18. C.H. Robinson Worldwide, Inc. has a 52 week low of $85.80 and a 52 week high of $121.23.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The transportation company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.79. C.H. Robinson Worldwide had a net margin of 4.15% and a return on equity of 53.97%. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter in the prior year, the company earned $1.44 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 8.76 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, October 3rd. Investors of record on Friday, September 2nd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.20 annualized dividend and a yield of 2.12%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 26.47%.

C.H. Robinson Worldwide Company Profile

(Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

Further Reading

Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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