Isthmus Partners LLC Cuts Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Isthmus Partners LLC trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 94,696 shares of the transportation company’s stock after selling 816 shares during the quarter. C.H. Robinson Worldwide accounts for approximately 1.6% of Isthmus Partners LLC’s holdings, making the stock its 28th biggest holding. Isthmus Partners LLC’s holdings in C.H. Robinson Worldwide were worth $8,870,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC lifted its position in C.H. Robinson Worldwide by 37.4% during the first quarter. Janney Montgomery Scott LLC now owns 7,498 shares of the transportation company’s stock valued at $716,000 after purchasing an additional 2,042 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $25,000. Daiwa Securities Group Inc. increased its stake in shares of C.H. Robinson Worldwide by 2.9% during the first quarter. Daiwa Securities Group Inc. now owns 6,927 shares of the transportation company’s stock worth $661,000 after purchasing an additional 195 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of C.H. Robinson Worldwide by 1.7% during the first quarter. Envestnet Asset Management Inc. now owns 498,046 shares of the transportation company’s stock worth $47,529,000 after purchasing an additional 8,264 shares in the last quarter. Finally, Natixis Advisors L.P. grew its stake in C.H. Robinson Worldwide by 3.2% during the 1st quarter. Natixis Advisors L.P. now owns 11,139 shares of the transportation company’s stock valued at $1,063,000 after acquiring an additional 344 shares in the last quarter. 90.56% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CHRW traded up $0.42 during trading hours on Wednesday, reaching $90.50. The stock had a trading volume of 3,158 shares, compared to its average volume of 1,064,684. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.67 and a 1 year high of $106.75. The firm’s 50 day moving average is $90.76 and its 200-day moving average is $94.61. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.84 and a beta of 0.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Monday, July 26th. The transportation company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.11. C.H. Robinson Worldwide had a net margin of 3.41% and a return on equity of 34.62%. The company had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the prior year, the firm posted $1.06 EPS. The company’s quarterly revenue was up 52.5% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 5.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Friday, September 3rd will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, September 2nd. C.H. Robinson Worldwide’s dividend payout ratio is presently 54.84%.

CHRW has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of C.H. Robinson Worldwide from $95.00 to $90.00 and set an “underweight” rating for the company in a research note on Tuesday, July 13th. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research note on Monday, August 2nd. Credit Suisse Group decreased their target price on shares of C.H. Robinson Worldwide from $93.00 to $87.00 and set an “underperform” rating on the stock in a report on Wednesday, July 28th. Morgan Stanley boosted their target price on shares of C.H. Robinson Worldwide from $58.00 to $60.00 and gave the company an “underweight” rating in a report on Thursday, July 8th. Finally, Evercore ISI initiated coverage on shares of C.H. Robinson Worldwide in a report on Monday. They issued an “inline” rating and a $95.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $98.31.

In other C.H. Robinson Worldwide news, insider Michael John Short sold 2,693 shares of the stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $91.49, for a total value of $246,382.57. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.95% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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