C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 31.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,900 shares of the transportation company’s stock after selling 4,137 shares during the period. Park Avenue Securities LLC’s holdings in C.H. Robinson Worldwide were worth $1,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dogwood Wealth Management LLC increased its stake in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after acquiring an additional 65 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares in the last quarter. Millstone Evans Group LLC grew its holdings in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares during the period. Elevated Capital Advisors LLC grew its holdings in C.H. Robinson Worldwide by 10.9% in the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after purchasing an additional 82 shares during the period. Finally, Keybank National Association OH grew its holdings in C.H. Robinson Worldwide by 2.9% in the first quarter. Keybank National Association OH now owns 3,153 shares of the transportation company’s stock worth $524,000 after purchasing an additional 88 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Bank of America reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Thursday. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target on the stock. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $180.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.52.

Check Out Our Latest Stock Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $128.71 on Tuesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $122.21 and a 1 year high of $210.33. The firm’s 50-day moving average is $145.02 and its 200 day moving average is $169.35. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The transportation company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. C.H. Robinson Worldwide’s revenue was up 29.5% compared to the same quarter last year. During the same period last year, the business earned $1.40 EPS. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.34 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio is presently 45.24%.

C.H. Robinson Worldwide Company Profile

(Free Report)

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

Further Reading

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

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