Steward Partners Investment Advisory LLC Has $119,000 Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Steward Partners Investment Advisory LLC lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 37.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,101 shares of the transportation company’s stock after acquiring an additional 301 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in C.H. Robinson Worldwide were worth $119,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CHRW. Ellevest Inc. increased its position in C.H. Robinson Worldwide by 67.6% during the first quarter. Ellevest Inc. now owns 290 shares of the transportation company’s stock worth $31,000 after buying an additional 117 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth approximately $46,000. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth approximately $48,000. UMB Bank N A MO acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $70,000. Finally, Norwood Financial Corp acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.9 %

Shares of CHRW opened at $109.70 on Tuesday. C.H. Robinson Worldwide, Inc. has a 52 week low of $85.80 and a 52 week high of $115.99. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.59 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.49 and a current ratio of 1.48. The stock has a fifty day moving average of $102.65 and a 200-day moving average of $102.26.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The transportation company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.79. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $6.78 billion. C.H. Robinson Worldwide had a return on equity of 53.97% and a net margin of 4.15%. C.H. Robinson Worldwide’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 8.05 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 3rd were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.01%. C.H. Robinson Worldwide’s payout ratio is 26.47%.

Insider Activity at C.H. Robinson Worldwide

In related news, CEO Robert C. Biesterfeld, Jr. sold 21,694 shares of the stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $111.46, for a total value of $2,418,013.24. Following the completion of the sale, the chief executive officer now directly owns 181,610 shares in the company, valued at $20,242,250.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. sold 21,694 shares of the stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $111.46, for a total transaction of $2,418,013.24. Following the completion of the sale, the chief executive officer now directly owns 181,610 shares in the company, valued at approximately $20,242,250.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 3,747 shares of the stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $110.15, for a total value of $412,732.05. Following the sale, the insider now owns 20,060 shares of the company’s stock, valued at $2,209,609. The disclosure for this sale can be found here. Insiders sold 36,625 shares of company stock worth $4,080,917 over the last three months. Company insiders own 1.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Evercore ISI decreased their target price on C.H. Robinson Worldwide from $115.00 to $112.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 12th. Wells Fargo & Company upped their target price on C.H. Robinson Worldwide from $93.00 to $94.00 and gave the company an “underweight” rating in a research report on Thursday, July 28th. Cowen upped their target price on C.H. Robinson Worldwide from $109.00 to $123.00 in a research report on Thursday, April 28th. Susquehanna Bancshares boosted their price target on C.H. Robinson Worldwide from $95.00 to $107.00 in a research note on Thursday, April 28th. Finally, Cowen boosted their price target on C.H. Robinson Worldwide from $109.00 to $123.00 and gave the company an “outperform” rating in a research note on Thursday, April 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $111.10.

About C.H. Robinson Worldwide

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C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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