HB Wealth Management LLC Decreases Holdings in C.H. Robinson Worldwide, Inc. $CHRW

HB Wealth Management LLC reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 9.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,355 shares of the transportation company’s stock after selling 343 shares during the period. HB Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. North Capital Inc. acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at $25,000. NBC Securities Inc. acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $27,000. WPG Advisers LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $32,000. National Pension Service raised its position in C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after acquiring an additional 183 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $51,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,577 shares of company stock worth $1,714,544. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.8%

Shares of NASDAQ CHRW opened at $134.36 on Tuesday. The stock has a market capitalization of $15.87 billion, a PE ratio of 30.61, a P/E/G ratio of 1.87 and a beta of 0.90. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $125.83 and a 200-day moving average of $105.93. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is 56.49%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CHRW shares. Wolfe Research raised shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a research note on Tuesday, July 1st. Susquehanna set a $165.00 target price on C.H. Robinson Worldwide and gave the company a “positive” rating in a report on Wednesday, September 24th. Citigroup raised their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Evercore ISI upped their price objective on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Finally, TD Cowen increased their price objective on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.52.

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.