Cambridge Investment Research Advisors Inc. Sells 1,359 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Norges Bank bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $134,833,000. First Trust Advisors LP increased its stake in C.H. Robinson Worldwide by 163.6% in the fourth quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company’s stock valued at $124,625,000 after purchasing an additional 748,661 shares in the last quarter. Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 25.7% in the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock valued at $299,582,000 after purchasing an additional 593,211 shares in the last quarter. GAMMA Investing LLC increased its stake in C.H. Robinson Worldwide by 7,706.1% in the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company’s stock valued at $46,578,000 after purchasing an additional 449,034 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in C.H. Robinson Worldwide by 386.9% in the fourth quarter. Marshall Wace LLP now owns 374,941 shares of the transportation company’s stock valued at $38,739,000 after purchasing an additional 297,938 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider directly owned 71,441 shares of the company’s stock, valued at $6,959,782.22. This represents a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CHRW. Bank of America lifted their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Robert W. Baird initiated coverage on shares of C.H. Robinson Worldwide in a report on Tuesday, July 1st. They issued a “neutral” rating and a $105.00 target price on the stock. Citigroup upped their target price on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Finally, Raymond James Financial lowered their target price on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.29.

C.H. Robinson Worldwide Trading Down 1.4%

Shares of CHRW stock opened at $99.40 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $114.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50-day simple moving average of $95.60 and a two-hundred day simple moving average of $97.53. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.63 and a beta of 0.89.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide’s dividend 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.