Blair William & Co. IL Decreases Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Blair William & Co. IL reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,844 shares of the transportation company’s stock after selling 1,085 shares during the period. Blair William & Co. IL’s holdings in C.H. Robinson Worldwide were worth $1,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its stake in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the period. Quent Capital LLC lifted its holdings in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. UMB Bank n.a. lifted its stake in C.H. Robinson Worldwide by 147.0% in the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after buying an additional 294 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 336.0% in the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 420 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth $49,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of recent research reports. Evercore ISI upgraded shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $82.00 to $99.00 in a report on Tuesday, June 25th. Robert W. Baird boosted their target price on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Susquehanna upped their price objective on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.67.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the stock in a transaction dated 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 approximately $6,979,372.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Trading Up 2.2 %

NASDAQ CHRW opened at $106.45 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 2.02 and a beta of 0.82. The firm has a 50 day simple moving average of $98.18 and a 200-day simple moving average of $86.31. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $106.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.96 by $0.19. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a yield of 2.33%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 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.