C.H. Robinson Worldwide, Inc. $CHRW Stock Position Decreased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,474 shares of the transportation company’s stock after selling 3,089 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CHRW. New York State Teachers Retirement System boosted its stake in C.H. Robinson Worldwide by 12.8% during the 2nd quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock valued at $9,666,000 after purchasing an additional 11,443 shares during the period. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter worth $118,976,000. Brighton Jones LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $1,335,000. Oak Thistle LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth $999,000. Finally, Generali Asset Management SPA SGR raised its stake in C.H. Robinson Worldwide by 1,393.0% during the 3rd quarter. Generali Asset Management SPA SGR now owns 17,528 shares of the transportation company’s stock valued at $2,321,000 after purchasing an additional 16,354 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

CHRW has been the topic of several research analyst reports. Morgan Stanley raised their price target on shares of C.H. Robinson Worldwide from $77.00 to $85.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. Stifel Nicolaus lifted their target price on C.H. Robinson Worldwide from $155.00 to $184.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Stephens set a $173.00 price objective on C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, TD Cowen boosted their price objective on C.H. Robinson Worldwide from $138.00 to $165.00 and gave the company a “hold” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.65.

C.H. Robinson Worldwide Trading Down 0.4%

CHRW stock opened at $175.10 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $178.13. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $161.63 and its 200-day moving average is $137.35. The firm has a market cap of $20.69 billion, a P/E ratio of 35.52, a P/E/G ratio of 1.91 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. C.H. Robinson Worldwide’s quarterly revenue was down 10.9% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This trade represents a 43.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the transaction, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 98,770 shares of company stock worth $14,937,201 in the last quarter. 0.91% of the stock is owned by corporate insiders.

About C.H. Robinson Worldwide

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.