Eliot Finkel Investment Counsel LLC Sells 280 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Eliot Finkel Investment Counsel LLC reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,300 shares of the transportation company’s stock after selling 280 shares during the quarter. C.H. Robinson Worldwide accounts for approximately 2.2% of Eliot Finkel Investment Counsel LLC’s portfolio, making the stock its 23rd largest holding. Eliot Finkel Investment Counsel LLC’s holdings in C.H. Robinson Worldwide were worth $3,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 4.9% during the first quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock valued at $15,248,000 after buying an additional 6,889 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of C.H. Robinson Worldwide by 1.9% during the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock worth $2,365,000 after purchasing an additional 432 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of C.H. Robinson Worldwide by 4.1% during the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company’s stock worth $877,000 after purchasing an additional 340 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $206,000. Finally, M&T Bank Corp boosted its holdings in shares of C.H. Robinson Worldwide by 1.7% during the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock worth $892,000 after purchasing an additional 144 shares during the period. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $135.40 on Friday. The company has a market capitalization of $15.99 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 2.10 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 50 day moving average of $125.18 and a 200 day moving average of $105.64. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm’s quarterly revenue 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. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $0.62 dividend. 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 payout ratio is 56.49%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the sale, the insider owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,577 shares of company stock valued at $1,714,544. Company insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CHRW. Barclays upgraded shares of C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $95.00 to $130.00 in a report on Wednesday. Baird R W upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Finally, Wolfe Research upgraded 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 report on Tuesday, July 1st. One equities research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.19.

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.