Janney Montgomery Scott LLC Decreases Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Janney Montgomery Scott LLC decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 27.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,168 shares of the transportation company’s stock after selling 20,416 shares during the period. Janney Montgomery Scott LLC’s holdings in C.H. Robinson Worldwide were worth $8,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. Bank of Jackson Hole Trust purchased a new stake in 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 during the 4th quarter valued at $27,000. Bayban purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth $32,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth $27,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a research report on Friday, May 1st. Bank of America cut their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Raymond James Financial reduced their price target on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.35.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $189.85 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a one year low of $96.27 and a one year high of $203.34. The business has a fifty day moving average price of $180.24 and a 200-day moving average price of $177.03.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 35.49% and a net margin of 3.70%.C.H. Robinson Worldwide’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. Sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

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.