First Trust Advisors LP Sells 228,821 Shares of C.H. Robinson Worldwide, Inc. $CHRW

First Trust Advisors LP lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.2% during the 1st quarter, HoldingsChannel reports. The firm owned 1,643,687 shares of the transportation company’s stock after selling 228,821 shares during the quarter. First Trust Advisors LP’s holdings in C.H. Robinson Worldwide were worth $272,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $25,000. Millstone Evans Group LLC grew its stake in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. DV Equities LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter worth $27,000. Cornerstone Planning Group LLC raised its holdings in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares during the period. Finally, Bayban acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth $32,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Bank of America cut their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 27th. TD Cowen increased their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.46.

C.H. Robinson Worldwide Trading Down 1.0%

C.H. Robinson Worldwide stock opened at $207.35 on Thursday. The business has a 50 day moving average price of $186.16 and a two-hundred day moving average price of $180.44. 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 12 month low of $96.89 and a 12 month high of $210.33. The stock has a market cap of $24.44 billion, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 1.80 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 analyst estimates 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 quarter last year, the firm earned $1.17 EPS. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.11 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced 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 annualized dividend 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 (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.