Crossmark Global Holdings Inc. Reduces Position in C.H. Robinson Worldwide, Inc. $CHRW

Crossmark Global Holdings Inc. cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,973 shares of the transportation company’s stock after selling 12,523 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in C.H. Robinson Worldwide were worth $10,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Ethic Inc. lifted its holdings in C.H. Robinson Worldwide by 4.2% during the fourth quarter. Ethic Inc. now owns 31,306 shares of the transportation company’s stock valued at $5,033,000 after purchasing an additional 1,252 shares during the last quarter. MGO One Seven LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $392,000. Sequoia Financial Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 3.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 24,189 shares of the transportation company’s stock valued at $3,889,000 after purchasing an additional 715 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of C.H. Robinson Worldwide by 30.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 9,123 shares of the transportation company’s stock valued at $1,467,000 after buying an additional 2,139 shares during the period. Finally, Swedbank AB increased its position in shares of C.H. Robinson Worldwide by 209.1% during the fourth quarter. Swedbank AB now owns 43,362 shares of the transportation company’s stock valued at $6,971,000 after buying an additional 29,332 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 0.0%

Shares of CHRW opened at $171.39 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The business’s 50-day moving average price is $175.07 and its 200-day moving average price is $168.24. The stock has a market cap of $20.20 billion, a PE ratio of 34.69, a P/E/G ratio of 1.71 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $88.65 and a twelve month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. The company 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%. C.H. Robinson Worldwide’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 earnings per share. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.07 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CHRW. Stifel Nicolaus upped their price target on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $200.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. BMO Capital Markets reiterated a “market perform” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Finally, Susquehanna decreased their price target on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Sixteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $192.27.

Insider Buying and Selling

In related news, CEO David P. Bozeman acquired 1,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the transaction, the chief executive officer owned 190,600 shares in the company, valued at approximately $31,132,604. This trade represents a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders purchased 2,422 shares of company stock valued at $400,801 in the last 90 days. 0.37% of the stock is owned by company insiders.

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.