United Asset Strategies Inc. Sells 2,875 Shares of C.H. Robinson Worldwide, Inc. $CHRW

United Asset Strategies Inc. lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 29.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,991 shares of the transportation company’s stock after selling 2,875 shares during the period. United Asset Strategies Inc.’s holdings in C.H. Robinson Worldwide were worth $1,161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CHRW. Bank of Jackson Hole Trust bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth $25,000. DV Equities LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth $27,000. Bayban bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at $32,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $27,000. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $36,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

CHRW traded up $1.89 during trading hours on Tuesday, hitting $190.46. The stock had a trading volume of 212,081 shares, compared to its average volume of 2,014,345. C.H. Robinson Worldwide, Inc. has a 1 year low of $96.27 and a 1 year high of $203.34. The company’s fifty day simple moving average is $180.34 and its 200 day simple moving average is $177.38. The stock has a market cap of $22.45 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 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, July 2nd. Investors of record on Friday, June 5th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CHRW shares. Susquehanna cut their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Raymond James Financial decreased their price objective on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a report on Thursday, July 2nd. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.35.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.