C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 33.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,693 shares of the transportation company’s stock after selling 1,359 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $27,000. First Financial Corp IN purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $31,000. Proficio Capital Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $33,000. AdvisorNet Financial Inc boosted its stake in shares of C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company’s stock valued at $43,000 after buying an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company’s stock valued at $49,000 after buying an additional 116 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the topic of a number of analyst reports. Susquehanna restated a “positive” rating and issued a $120.00 price target (up from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. TD Cowen lifted their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Evercore ISI decreased their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research report on Tuesday, July 1st. Finally, UBS Group decreased their target price on C.H. Robinson Worldwide from $130.00 to $129.00 and set a “buy” rating on the stock in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.29.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,700 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider directly owned 71,441 shares in the company, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $99.40 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $114.82. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. The business has a fifty day moving average of $95.60 and a 200-day moving average of $97.53. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were paid a $0.62 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.49%. C.H. Robinson Worldwide’s payout ratio is currently 59.33%.

About C.H. Robinson Worldwide

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.