AE Wealth Management LLC Has $4.36 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• AE Wealth Management LLC has increased its stake in C.H. Robinson Worldwide, Inc. by 9.5% to a total of 42,593 shares, valued at approximately $4.36 million as of the most recent quarter.
• Insider Angela K. Freeman sold 5,700 shares of C.H. Robinson stock, resulting in a 7.39% decrease in her ownership; this transaction was valued at about $555,294.
• C.H. Robinson reported earnings of $1.17 per share for the last quarter, exceeding estimates, although the company experienced a 8.3% decrease in revenue year-over-year.

AE Wealth Management LLC increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,593 shares of the transportation company's stock after purchasing an additional 3,682 shares during the quarter. AE Wealth Management LLC's holdings in C.H. Robinson Worldwide were worth $4,361,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nissay Asset Management Corp Japan ADV increased its position in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after purchasing an additional 112 shares in the last quarter. Deseret Mutual Benefit Administrators increased its position in C.H. Robinson Worldwide by 5.5% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after purchasing an additional 114 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in C.H. Robinson Worldwide by 31.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after purchasing an additional 116 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in C.H. Robinson Worldwide by 0.9% during the 1st quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company's stock worth $1,579,000 after purchasing an additional 131 shares in the last quarter. Finally, Pflug Koory LLC increased its position in C.H. Robinson Worldwide by 3.3% during the 1st quarter. Pflug Koory LLC now owns 4,379 shares of the transportation company's stock worth $448,000 after purchasing an additional 140 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider directly owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CHRW shares. UBS Group decreased their price target on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. TD Securities upped their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird started coverage on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $105.00 price target for the company. Citigroup upped their price target on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Baird R W upgraded shares of C.H. Robinson Worldwide to a "hold" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

C.H. Robinson Worldwide Stock Down 0.4%

Shares of NASDAQ CHRW opened at $102.71 on Friday. The firm has a market cap of $12.19 billion, a PE ratio of 24.57, a P/E/G ratio of 1.70 and a beta of 0.89. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $114.82. The company's fifty day simple moving average is $96.76 and its 200 day simple moving average is $97.26. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. C.H. Robinson Worldwide's revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is presently 59.33%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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