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

Sequoia Financial Advisors LLC reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,434 shares of the transportation company’s stock after selling 2,755 shares during the period. Sequoia Financial Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,560,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares during the period. Auto Owners Insurance Co increased its position in C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after buying an additional 1,501,744 shares during the period. Norges Bank bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $236,665,000. Capital World Investors acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $165,976,000. Finally, Pinebridge Investments LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $103,751,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $196.50 on Tuesday. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. 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 one year low of $96.27 and a one year high of $203.34. The stock’s fifty day moving average is $181.06 and its 200-day moving average is $178.38.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHRW. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. BMO Capital Markets set a $190.00 price target on shares of C.H. Robinson Worldwide in a research note on Monday. Finally, Citigroup raised their price target on shares of C.H. Robinson Worldwide from $199.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $196.00.

C.H. Robinson Worldwide 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.