Autumn Glory Partners LLC Has $945,000 Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Autumn Glory Partners LLC cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,854 shares of the transportation company’s stock after selling 278 shares during the period. Autumn Glory Partners LLC’s holdings in C.H. Robinson Worldwide were worth $945,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHRW. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $27,000. Gateway Investment Advisers LLC raised its holdings in shares of C.H. Robinson Worldwide by 12.1% in the 1st quarter. Gateway Investment Advisers LLC now owns 6,563 shares of the transportation company’s stock worth $672,000 after buying an additional 707 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of C.H. Robinson Worldwide by 6.5% in the 1st quarter. Wedge Capital Management L L P NC now owns 51,065 shares of the transportation company’s stock worth $5,229,000 after buying an additional 3,132 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of C.H. Robinson Worldwide by 0.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company’s stock worth $1,579,000 after buying an additional 131 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 1.8% in the 1st quarter. Farther Finance Advisors LLC now owns 27,490 shares of the transportation company’s stock worth $2,825,000 after buying an additional 495 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. The trade was a 8.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,577 shares of company stock valued at $1,714,544. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHRW. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Susquehanna set a $165.00 target price on C.H. Robinson Worldwide and gave the stock a “positive” rating in a report on Wednesday, September 24th. Citigroup increased 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. UBS Group increased their price target on C.H. Robinson Worldwide from $133.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Robert W. Baird upgraded C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $126.19.

C.H. Robinson Worldwide Stock Up 0.5%

NASDAQ:CHRW opened at $135.40 on Monday. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $138.00. 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 market capitalization of $15.99 billion, a P/E ratio of 30.84, a P/E/G ratio of 1.87 and a beta of 0.90. The stock’s fifty day simple moving average is $125.18 and its 200-day simple moving average is $105.69.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate 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 was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend 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 (DPR) is presently 56.49%.

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.