MML Investors Services LLC Grows Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

MML Investors Services LLC increased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) by 187.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,761 shares of the transportation company’s stock after acquiring an additional 7,676 shares during the quarter. MML Investors Services LLC’s holdings in C.H. Robinson Worldwide were worth $1,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Denali Advisors LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $29,000. Penserra Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $30,000. Parkside Financial Bank & Trust boosted its position in shares of C.H. Robinson Worldwide by 169.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 467 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 294 shares during the last quarter. Engine Capital Management LP bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $54,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at approximately $55,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael John Short sold 3,496 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $101.29, for a total transaction of $354,109.84. Following the completion of the sale, the insider now owns 75,928 shares of the company’s stock, valued at $7,690,747.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and lowered their target price for the company from $107.00 to $99.00 in a research report on Friday, February 3rd. UBS Group downgraded C.H. Robinson Worldwide from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $90.00 to $81.00 in a research report on Wednesday, January 4th. Cowen downgraded C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $106.00 to $91.00 in a research report on Thursday, January 5th. Deutsche Bank Aktiengesellschaft reduced their target price on C.H. Robinson Worldwide from $107.00 to $100.00 in a research note on Friday, February 3rd. Finally, Citigroup reduced their target price on C.H. Robinson Worldwide from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Thursday, November 3rd. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $98.81.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $101.30 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $11.80 billion, a PE ratio of 13.88, a P/E/G ratio of 2.94 and a beta of 0.79. The business has a 50-day simple moving average of $97.60 and a two-hundred day simple moving average of $99.84. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $86.60 and a fifty-two week high of $121.23.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last issued its quarterly earnings results on Wednesday, February 1st. The transportation company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.32). The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $5.59 billion. C.H. Robinson Worldwide had a return on equity of 54.06% and a net margin of 3.82%. C.H. Robinson Worldwide’s revenue was down 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 EPS. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.64 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 3rd will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Thursday, March 2nd. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 33.42%.

C.H. Robinson Worldwide Company Profile

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C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.