Cerity Partners LLC Reduces Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cerity Partners LLC decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,762 shares of the transportation company’s stock after selling 2,511 shares during the quarter. Cerity Partners LLC’s holdings in C.H. Robinson Worldwide were worth $1,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV raised its holdings in C.H. Robinson Worldwide by 0.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company’s stock worth $1,483,000 after purchasing an additional 112 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in C.H. Robinson Worldwide by 5.5% in the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock worth $223,000 after purchasing an additional 114 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in 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 worth $49,000 after purchasing an additional 116 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in C.H. Robinson Worldwide by 0.9% in the first quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company’s stock worth $1,579,000 after purchasing an additional 131 shares in the last quarter. Finally, Pflug Koory LLC raised its holdings in C.H. Robinson Worldwide by 3.3% in the first quarter. Pflug Koory LLC now owns 4,379 shares of the transportation company’s stock worth $448,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 1.1%

Shares of NASDAQ CHRW opened at $97.48 on Monday. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.60 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The business has a 50-day moving average of $96.50 and a two-hundred day moving average of $97.29. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. C.H. Robinson Worldwide’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. On average, analysts forecast 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 company 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 2.54%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 59.33%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider owned 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CHRW shares. Citigroup increased their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Jefferies Financial Group reduced their price target on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, April 11th. Bank of America raised their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a “buy” rating in a report on Friday, May 16th. TD Cowen raised their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Finally, Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a report on Tuesday, July 1st. One equities research 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. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.29.

C.H. Robinson Worldwide Profile

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.