Commonwealth Equity Services LLC Sells 2,484 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Commonwealth Equity Services LLC cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 14.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,419 shares of the transportation company’s stock after selling 2,484 shares during the period. Commonwealth Equity Services LLC’s holdings in C.H. Robinson Worldwide were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cascade Investment Advisors Inc. increased its holdings in shares of C.H. Robinson Worldwide by 10.4% in the 1st quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company’s stock valued at $1,169,000 after acquiring an additional 1,450 shares during the period. Prime Capital Investment Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $2,960,000. GSA Capital Partners LLP increased its holdings in shares of C.H. Robinson Worldwide by 8.8% in the 3rd quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock valued at $796,000 after acquiring an additional 746 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of C.H. Robinson Worldwide by 21.0% in the 4th quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company’s stock valued at $13,468,000 after acquiring an additional 27,103 shares during the period. Finally, Brookstone Capital Management increased its holdings in shares of C.H. Robinson Worldwide by 10.6% in the 4th quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock valued at $543,000 after acquiring an additional 605 shares during the period. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CHRW shares. Robert W. Baird lifted their price target on C.H. Robinson Worldwide from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Susquehanna boosted their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Barclays boosted their target price on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research note on Wednesday, July 3rd. Finally, Evercore ISI upgraded C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $82.00 to $99.00 in a research note on Tuesday, June 25th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.53.

Check Out Our Latest Report on CHRW

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $86.49 on Monday. The stock has a market cap of $10.13 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 2.56 and a beta of 0.80. The business has a 50-day simple moving average of $84.35 and a 200-day simple moving average of $79.83. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were issued a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.82%. C.H. Robinson Worldwide’s payout ratio is 96.44%.

About C.H. Robinson Worldwide

(Free Report)

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.

Further Reading

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

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