Benjamin F. Edwards & Company Inc. cut its holdings in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 8.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,614 shares of the transportation company’s stock after selling 935 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in C.H. Robinson Worldwide were worth $636,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CHRW. Raymond James Trust N.A. increased its position in shares of C.H. Robinson Worldwide by 4.1% during the 4th quarter. Raymond James Trust N.A. now owns 6,452 shares of the transportation company’s stock valued at $504,000 after purchasing an additional 253 shares during the last quarter. AE Wealth Management LLC increased its holdings in C.H. Robinson Worldwide by 11.2% in the 4th quarter. AE Wealth Management LLC now owns 25,661 shares of the transportation company’s stock worth $2,007,000 after acquiring an additional 2,588 shares during the last quarter. OLD National Bancorp IN increased its holdings in C.H. Robinson Worldwide by 7.0% in the 4th quarter. OLD National Bancorp IN now owns 4,418 shares of the transportation company’s stock worth $345,000 after acquiring an additional 290 shares during the last quarter. Huntington National Bank increased its holdings in C.H. Robinson Worldwide by 102.0% in the 4th quarter. Huntington National Bank now owns 1,341 shares of the transportation company’s stock worth $105,000 after acquiring an additional 677 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $291,000. 95.94% of the stock is owned by hedge funds and other institutional investors.

CHRW has been the subject of several recent research reports. Bank of America lifted their price objective on C.H. Robinson Worldwide from $61.00 to $67.00 and gave the stock an “underperform” rating in a report on Wednesday, April 29th. Morgan Stanley decreased their price objective on C.H. Robinson Worldwide from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Monday, May 4th. Citigroup lifted their price objective on C.H. Robinson Worldwide from $67.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. UBS Group lifted their price objective on C.H. Robinson Worldwide from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, TheStreet lowered C.H. Robinson Worldwide from a “b-” rating to a “c+” rating in a report on Tuesday, March 10th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. C.H. Robinson Worldwide presently has an average rating of “Hold” and an average price target of $75.08.

Shares of NASDAQ CHRW opened at $72.50 on Friday. C.H. Robinson Worldwide Inc has a 52 week low of $56.94 and a 52 week high of $91.23. The business has a 50-day simple moving average of $70.77 and a two-hundred day simple moving average of $73.91. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.69. The company has a market cap of $9.79 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.81 and a beta of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.12). The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.56 billion. C.H. Robinson Worldwide had a net margin of 3.21% and a return on equity of 29.94%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. Equities research analysts anticipate that C.H. Robinson Worldwide Inc will post 2.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.81%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.69%.

In other news, Chairman John Wiehoff sold 221,267 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $71.09, for a total transaction of $15,729,871.03. Following the completion of the sale, the chairman now owns 574,919 shares in the company, valued at approximately $40,870,991.71. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.82% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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