Raymond James Financial Services Advisors, Inc. acquired an equity stake in CH Robinson Worldwide (NASDAQ:CHRW – Free Report) in the first quarter, according to the company’s latest Form 13F filing with the SEC. increased by 8.5%. The company owns 17,655 shares in the shipping company after purchasing an additional 1,385 shares during the quarter. Raymond James Financial Services Advisors’ CH Robinson Worldwide shares were valued at $1,754,000 at the end of the most recent quarter.
Many other institutional investors have also recently changed their stock positions. Denali Advisors LLC increased his stake in CH Robinson Worldwide by 33.3% during the fourth quarter. Denali Advisors LLC now owns 400 shares of the shipping company, valued at $37,000, after purchasing an additional 100 shares during the period. Phoenix Wealth Advisors increased shares of CH Robinson Worldwide by 4.6% in the fourth quarter. Phoenix Wealth Advisors acquired an additional 106 shares during the period and now owns 2,424 shares of the company, valued at $222,000. MassMutual Trust’s FSB ADV increased its stake in CH Robinson Worldwide by 75.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 260 shares of the shipping company valued at $26,000 after acquiring an additional 112 shares during the period. First Republic Investment Management Inc. boosted CH Robinson Worldwide shares by 0.8% in the first quarter. First Republic Investment Management Inc. acquired an additional 116 shares during the period and now owns 15,472 shares of the shipping company, valued at $1,666,000. Finally, Synovus Financial Corp boosted CH Robinson Worldwide shares by 2.8% in the fourth quarter. Synovus Financial Corporation acquired an additional 122 shares during the period and now owns 4,418 shares of the shipping company worth $405,000. Hedge funds and other institutional investors own 96.63% of the company’s shares.
In other CH Robinson Worldwide news, insider Michael John Short sold 16,155 shares of CH Robinson Worldwide stock in a transaction that took place on Thursday, May 4th. The shares were sold at an average price of $104.56 for a total transaction value of $1,689,166.80. After the transaction, the insider now owns 75,937 shares of the company’s stock valued at $7,939,972.72. The sale was identified in legal filings with the Securities and Exchange Commission, which are available on the SEC’s website. In other news, insider Mac S. Pinkerton sold 7,624 shares of the company in a transaction on Monday, May 1. The shares were sold at an average price of $101.57 for a total of $774,369.68. After the transaction, insiders now own 87,001 shares of the company’s stock, valued at $8,836,691.57. The transaction was disclosed in legal filings with the Securities and Exchange Commission, available at this link. Insider Michael John Short also sold 16,155 shares in the company in a transaction on Thursday, May 4. The shares sold at an average price of $104.56 for a total transaction value of $1,689,166.80. Following the closing of the transaction, insiders will own 75,937 shares of the company directly, valued at approximately $7,939,972.72. Disclosure information regarding this sale can be found here. Insiders now own 1.47% of the shares.
CH Robinson Global Equity Performance
CHRW shares opened Wednesday at $98.21. The company has a 50-day moving average price of $96.45 and a 200-day moving average price of $97.18. CH Robinson Worldwide has a 52-week low of $86.60 and a 52-week high of $121.23. The company has a market cap of $11.44 billion, trades at 15.81 times earnings, 3.24 times earnings, and 0.79 times beta. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt to equity ratio of 0.67.
CH Robinson Worldwide (NASDAQ:CHRW – Get Your Free Report) last released its quarterly earnings data on Wednesday, April 26th. The company reported earnings per share (EPS) of $0.98 for the quarter, beating analyst consensus expectations of $1.01 ($0.03). The business had sales of $4.61 billion in the quarter, up from $4.8 billion expected by analysts. CH Robinson Worldwide had a return on equity of 50.56% and a net profit margin of 3.50%. Quarterly revenue of the business decreased by 32.3% compared to the same period last year. In the same period last year, his EPS for the same business was his $2.05. Equity research analysts expect CH Robinson Worldwide, Inc.’s earnings per share for the current year to be 4.01 for the group as a whole.
CH Robinson Worldwide Dividend Announcement
The company also recently announced its quarterly dividend, which was paid on Monday, July 3rd. He was issued a dividend of $0.61 to investors of record on Friday, June 2nd. This equates to his $2.44 dividend and his 2.48% dividend yield on an annualized basis. The ex-dividend date was Thursday, June 1. CH Robinson Worldwide payout ratio is 39.29%.
Wall Street analyst speaks out
A number of brokerages have recently commented on CHRW. Stifel Nikolaus raised his price target on CH Robinson Worldwide from $92.00 to $97.00 in a research note on Friday, April 28. Susquehanna lowered its price target on CH Robinson Worldwide from $93.00 to $88.00 in a research note on Thursday, June 29. StockNews.com began covering CH Robinson Worldwide in a research note on Thursday, May 18th. They issued a “hold” rating to the company. Wells Fargo & Company lowered its price target on CH Robinson Worldwide from $95.00 to $90.00 in its April 12 report, setting the company’s rating to ‘underweight’. Finally, Evercore ISI lowered its target price for CH Robinson Worldwide from his $91.00 to his $89.00 in a report on Tuesday, June 27th. Seven analysts gave the stock a sell rating, 14 affirmative ratings and three buy ratings. Based on Marketbeat data, CH Robinson Worldwide has a Consensus Rating of “Hold” and an Average Target Price of $94.95.
CH Robinson Worldwide Profile
CH Robinson Worldwide, Inc. and its subsidiaries provide freight forwarding services, related logistics and supply chain services worldwide. The company operates through his two divisions: North American Ground Freight and Global Forwarding. We provide transportation and logistics services such as truck loading. Less than truckload transportation intermediary services, including shipment of single or multiple pallet shipments. Intermodal transport consisting of freight transport services in containers or trailers that combine truck and rail. In addition to non-vessel general carrier and freight forwarding services, we arrange air transport and provide door-to-door service.
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