Kestra Advisory Services LLC Reduces Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Kestra Advisory Services LLC lowered its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 29.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 6,708 shares of the transportation company’s stock after selling 2,814 shares during the quarter. Kestra Advisory Services LLC’s holdings in C.H. Robinson Worldwide were worth $1,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CHRW. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $25,000. DV Equities LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $30,000. Bayban purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $32,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at about $34,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. Truist Financial lifted their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Stifel Nicolaus boosted their target price on shares of C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $199.46.

C.H. Robinson Worldwide Stock Down 1.0%

NASDAQ CHRW opened at $207.35 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 52 week low of $96.89 and a 52 week high of $210.33. The firm has a market capitalization of $24.44 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 1.80 and a beta of 0.91. The company has a fifty day moving average of $186.16 and a two-hundred day moving average of $180.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

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.