C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 33.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,613 shares of the transportation company’s stock after selling 10,065 shares during the period. Edgestream Partners L.P.’s holdings in C.H. Robinson Worldwide were worth $1,882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lido Advisors LLC boosted its position in C.H. Robinson Worldwide by 426.5% during the 2nd quarter. Lido Advisors LLC now owns 13,156 shares of the transportation company’s stock valued at $1,264,000 after purchasing an additional 10,657 shares during the period. New York State Common Retirement Fund lifted its stake in C.H. Robinson Worldwide by 2.0% in the second quarter. New York State Common Retirement Fund now owns 101,653 shares of the transportation company’s stock valued at $9,754,000 after buying an additional 2,035 shares during the last quarter. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $118,976,000. Hsbc Holdings PLC grew its position in shares of C.H. Robinson Worldwide by 20.6% during the second quarter. Hsbc Holdings PLC now owns 300,117 shares of the transportation company’s stock worth $28,768,000 after acquiring an additional 51,343 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of C.H. Robinson Worldwide by 1.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 122,423 shares of the transportation company’s stock worth $11,746,000 after acquiring an additional 1,310 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on CHRW. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Stephens set a $173.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Barclays boosted their price target on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, October 31st. Finally, UBS Group raised their price target on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

C.H. Robinson Worldwide Stock Down 0.5%

Shares of CHRW stock opened at $157.22 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $162.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. The business’s fifty day moving average is $142.87 and its 200-day moving average is $121.34. The stock has a market cap of $18.57 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.During the same quarter last year, the business posted $1.28 earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio is presently 50.30%.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. The trade was a 57.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela K. Freeman sold 49,884 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the sale, the insider owned 65,728 shares of the company’s stock, valued at $9,840,138.88. The trade was a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.47% of the stock is owned by insiders.

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.