Oppenheimer Asset Management Inc. Sells 3,815 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Oppenheimer Asset Management Inc. reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,837 shares of the transportation company’s stock after selling 3,815 shares during the period. Oppenheimer Asset Management Inc. owned 0.09% of C.H. Robinson Worldwide worth $10,155,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CHRW. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company’s stock worth $2,573,000 after buying an additional 589 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 3.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 47,441 shares of the transportation company’s stock worth $4,858,000 after buying an additional 1,457 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 29.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 26,306 shares of the transportation company’s stock valued at $2,694,000 after purchasing an additional 6,045 shares during the period. Perpetual Ltd boosted its holdings in C.H. Robinson Worldwide by 10.1% in the 1st quarter. Perpetual Ltd now owns 4,921 shares of the transportation company’s stock valued at $504,000 after purchasing an additional 450 shares during the period. Finally, Transcend Capital Advisors LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $387,000. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 sale, the insider owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,577 shares of company stock worth $1,714,544. 0.91% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Trading Up 0.5%

Shares of C.H. Robinson Worldwide stock opened at $126.06 on Monday. The stock has a market capitalization of $14.89 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 1.74 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 company has a 50-day simple moving average of $129.45 and a 200 day simple moving average of $108.98. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.15 EPS. Research analysts expect 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 business also recently disclosed 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 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 56.49%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHRW. UBS Group increased their price target on shares of C.H. Robinson Worldwide from $133.00 to $166.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Evercore ISI increased their price target on shares of C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Robert W. Baird raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Thursday, July 31st. Barclays raised shares of C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $95.00 to $130.00 in a report on Wednesday, October 1st. Finally, Truist Financial set a $150.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.05.

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.