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

HighTower Advisors LLC reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 39.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,709 shares of the transportation company’s stock after selling 14,880 shares during the quarter. HighTower Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,651,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $30,000. Clearstead Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $34,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $34,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHRW. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a research note on Friday, May 1st. Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a research report on Monday, February 2nd. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Susquehanna cut their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $192.61.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $178.65 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. The firm has a market capitalization of $21.06 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The stock’s 50-day simple moving average is $172.79 and its 200-day simple moving average is $171.73.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

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.