C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,434 shares of the transportation company’s stock after selling 2,755 shares during the period. Sequoia Financial Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,560,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after buying an additional 4,751,034 shares in the last quarter. Auto Owners Insurance Co grew its holdings in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after acquiring an additional 1,501,744 shares during the period. Norges Bank bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth about $236,665,000. Capital World Investors bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth about $165,976,000. Finally, Pinebridge Investments LLC acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $103,751,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $196.50 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a one year low of $96.27 and a one year high of $203.34. The firm has a market capitalization of $23.16 billion, a PE ratio of 39.78, a P/E/G ratio of 1.67 and a beta of 0.91. The firm has a 50-day moving average of $181.06 and a two-hundred day moving average of $178.38.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company posted $1.17 earnings per share. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Analysts Set New Price Targets

CHRW has been the topic of several recent research reports. 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 note on Thursday, April 30th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. JPMorgan Chase & Co. upped their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Bank of America cut their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.00.

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.