Benedict Financial Advisors Inc. Cuts Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Benedict Financial Advisors Inc. decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,455 shares of the transportation company’s stock after selling 1,111 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $1,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV lifted its holdings in C.H. Robinson Worldwide by 125.9% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 26,617 shares of the transportation company’s stock worth $2,346,000 after buying an additional 14,834 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of C.H. Robinson Worldwide by 34.7% in the 2nd quarter. Signaturefd LLC now owns 2,146 shares of the transportation company’s stock valued at $189,000 after buying an additional 553 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of C.H. Robinson Worldwide by 12.5% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 46,617 shares of the transportation company’s stock valued at $4,108,000 after buying an additional 5,189 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in C.H. Robinson Worldwide by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,988 shares of the transportation company’s stock worth $4,846,000 after acquiring an additional 6,735 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in C.H. Robinson Worldwide in the second quarter valued at $284,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHRW. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. Benchmark boosted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Susquehanna raised their target price on shares of C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Finally, TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $93.67.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded up $0.50 during trading on Friday, reaching $103.51. The company’s stock had a trading volume of 1,640,922 shares, compared to its average volume of 1,596,764. The business has a 50 day moving average price of $93.45 and a 200-day moving average price of $82.88. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $105.41. The company has a market capitalization of $12.12 billion, a P/E ratio of 40.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.73 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

C.H. Robinson Worldwide Profile

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.