C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by IFP Advisors Inc

IFP Advisors Inc decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,891 shares of the transportation company’s stock after selling 384 shares during the period. IFP Advisors Inc’s holdings in C.H. Robinson Worldwide were worth $277,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its position in shares of C.H. Robinson Worldwide by 2.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock valued at $407,000 after buying an additional 105 shares during the last quarter. Perpetual Ltd raised its holdings in C.H. Robinson Worldwide by 2.3% in the 2nd quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock valued at $483,000 after acquiring an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in C.H. Robinson Worldwide by 5.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock valued at $223,000 after acquiring an additional 114 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of C.H. Robinson Worldwide by 1.9% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock worth $663,000 after purchasing an additional 121 shares during the period. Finally, Benedict Financial Advisors Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 0.9% during the first quarter. Benedict Financial Advisors Inc. now owns 13,243 shares of the transportation company’s stock worth $1,356,000 after purchasing an additional 124 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 1.6%

NASDAQ CHRW opened at $125.99 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $138.00. The company’s 50 day moving average price is $128.53 and its 200 day moving average price is $107.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.77 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued 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 is currently 56.49%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock valued at $1,714,544 over the last three months. 1.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Raymond James Financial increased their price objective on shares of C.H. Robinson Worldwide from $111.00 to $158.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays raised shares of C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $95.00 to $130.00 in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. Finally, Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the stock from $134.00 to $148.00 in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target 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.