United Asset Strategies Inc. Sells 892 Shares of C.H. Robinson Worldwide, Inc. $CHRW

United Asset Strategies Inc. reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,520 shares of the transportation company’s stock after selling 892 shares during the quarter. United Asset Strategies Inc.’s holdings in C.H. Robinson Worldwide were worth $1,009,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. State of Michigan Retirement System boosted its holdings in shares of C.H. Robinson Worldwide by 0.3% in the second quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock worth $3,098,000 after acquiring an additional 100 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in C.H. Robinson Worldwide by 2.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock worth $407,000 after purchasing an additional 105 shares in the last quarter. Assetmark Inc. increased its holdings in shares of C.H. Robinson Worldwide by 26.3% in the second quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock worth $51,000 after purchasing an additional 110 shares during the period. Perpetual Ltd boosted its stake in C.H. Robinson Worldwide by 2.3% during the second quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock valued at $483,000 after buying an additional 112 shares during the period. Finally, Alliance Wealth Advisors LLC UT grew its position in C.H. Robinson Worldwide by 1.9% during the first quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock worth $663,000 after buying an additional 121 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider owned 65,728 shares in the company, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,650 shares of company stock valued at $14,639,336 over the last ninety days. 1.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research analyst reports. Barclays lifted their price target on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Morgan Stanley boosted their price target on shares of C.H. Robinson Worldwide from $71.00 to $77.00 and gave the stock an “underweight” rating in a research note on Thursday, October 30th. Stephens set a $173.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. UBS Group lifted their price objective on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, The Goldman Sachs Group increased their target price on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $152.99 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $158.70. The firm has a market cap of $18.07 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The business has a 50 day moving average price of $134.76 and a 200-day moving average price of $114.05.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

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.