Sequoia Financial Advisors LLC Sells 3,089 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Sequoia Financial Advisors LLC lessened its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,474 shares of the transportation company’s stock after selling 3,089 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System lifted its position in C.H. Robinson Worldwide by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock valued at $3,098,000 after purchasing an additional 100 shares during the period. Assetmark Inc. grew its position in shares of C.H. Robinson Worldwide by 26.3% during the 2nd quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock worth $51,000 after buying an additional 110 shares during the period. Mutual Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 1.4% during the second quarter. Mutual Advisors LLC now owns 9,154 shares of the transportation company’s stock worth $940,000 after buying an additional 123 shares during the last quarter. Fulton Bank N.A. lifted its holdings in C.H. Robinson Worldwide by 4.2% in the third quarter. Fulton Bank N.A. now owns 3,350 shares of the transportation company’s stock valued at $444,000 after buying an additional 134 shares during the period. Finally, Certuity LLC lifted its holdings in C.H. Robinson Worldwide by 7.3% in the second quarter. Certuity LLC now owns 2,203 shares of the transportation company’s stock valued at $211,000 after buying an additional 150 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 45,266 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 98,770 shares of company stock valued at $14,937,201 over the last quarter. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Friday, January 9th. Stifel Nicolaus increased their target price on C.H. Robinson Worldwide from $155.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Barclays upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $145.00 to $200.00 in a report on Tuesday, December 16th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $163.65.

C.H. Robinson Worldwide Stock Down 0.4%

Shares of C.H. Robinson Worldwide stock opened at $175.10 on Wednesday. The company has a market capitalization of $20.69 billion, a P/E ratio of 35.52, a price-to-earnings-growth ratio of 1.91 and a beta of 0.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. The business has a 50-day moving average of $161.63 and a two-hundred day moving average of $137.35. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $178.13.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the firm earned $1.28 EPS. C.H. Robinson Worldwide’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.12%.

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.