Baird Financial Group Inc. Sells 42,460 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Baird Financial Group cut its C.H. Robinson Worldwide stake by 77% in the second quarter, selling 42,460 shares and retaining 12,657 shares valued at approximately $2.38 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also declared a quarterly dividend of $0.63 per share, representing a 1.6% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $196.56, above the stock’s reported price of $153.82.

Baird Financial Group Inc. lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 77.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,657 shares of the transportation company's stock after selling 42,460 shares during the quarter. Baird Financial Group Inc.'s holdings in C.H. Robinson Worldwide were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Vestcor Inc increased its stake in shares of C.H. Robinson Worldwide by 0.8% in the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company's stock worth $1,029,000 after purchasing an additional 51 shares in the last quarter. Dogwood Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock valued at $45,000 after purchasing an additional 65 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after acquiring an additional 67 shares in the last quarter. Millstone Evans Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after buying an additional 71 shares during the period. Finally, Root Financial Partners LLC raised its holdings in C.H. Robinson Worldwide by 8.7% during the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock valued at $155,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Up 0.2%

CHRW opened at $153.82 on Friday. The firm's 50 day simple moving average is $161.79 and its two-hundred day simple moving average is $172.21. The company has a market capitalization of $17.97 billion, a PE ratio of 29.35, a PEG ratio of 1.30 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $123.64 and a 1-year high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 48.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group boosted their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, June 1st. Stephens lowered their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Sanford C. Bernstein lowered their price objective on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a "market perform" rating on the stock in a research report on Tuesday, August 11th. Finally, BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.56.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

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