Raymond James Financial Services Advisors Inc. Cuts Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Raymond James Financial Services Advisors Inc. cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 12.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,514 shares of the transportation company’s stock after selling 2,602 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $1,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. American Century Companies Inc. grew its position in C.H. Robinson Worldwide by 11.1% in the first quarter. American Century Companies Inc. now owns 8,782 shares of the transportation company’s stock worth $946,000 after acquiring an additional 880 shares in the last quarter. Private Advisor Group LLC purchased a new stake in C.H. Robinson Worldwide during the first quarter valued at about $207,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in C.H. Robinson Worldwide by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,393 shares of the transportation company’s stock valued at $1,873,000 after buying an additional 1,077 shares during the period. Yousif Capital Management LLC boosted its position in C.H. Robinson Worldwide by 1.6% during the first quarter. Yousif Capital Management LLC now owns 23,349 shares of the transportation company’s stock valued at $2,515,000 after buying an additional 365 shares during the period. Finally, Raymond James Trust N.A. boosted its position in C.H. Robinson Worldwide by 12.8% during the first quarter. Raymond James Trust N.A. now owns 3,657 shares of the transportation company’s stock valued at $394,000 after buying an additional 414 shares during the period. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Jordan T. Kass sold 5,276 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $97.73, for a total transaction of $515,623.48. Following the completion of the sale, the insider now owns 45,603 shares of the company’s stock, valued at $4,456,781.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.64% of the stock is owned by insiders.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $92.68 on Wednesday. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.92 and a beta of 0.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 1.32. The company has a 50 day simple moving average of $94.74 and a two-hundred day simple moving average of $100.65. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $86.57 and a fifty-two week high of $121.23.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The transportation company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.37). The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.37 billion. C.H. Robinson Worldwide had a net margin of 4.11% and a return on equity of 54.77%. Analysts expect that C.H. Robinson Worldwide, Inc. will post 7.78 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, January 3rd. Investors of record on Friday, December 2nd were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $2.44 annualized dividend and a dividend yield of 2.63%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.55. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 29.61%.

Analyst Ratings Changes

Several analysts have issued reports on CHRW shares. Exane BNP Paribas started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 30th. They set an “outperform” rating and a $128.00 price target for the company. Wells Fargo & Company cut their price target on shares of C.H. Robinson Worldwide from $94.00 to $90.00 and set an “underweight” rating for the company in a research report on Wednesday, October 12th. The Goldman Sachs Group lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $102.00 to $93.00 in a report on Tuesday, January 10th. Barclays dropped their target price on shares of C.H. Robinson Worldwide from $100.00 to $96.00 and set an “equal weight” rating for the company in a report on Thursday, October 13th. Finally, JPMorgan Chase & Co. lowered shares of C.H. Robinson Worldwide from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $103.00 to $90.00 in a report on Wednesday, January 11th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.96.

C.H. Robinson Worldwide Company Profile

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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.

See Also

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

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