Brendel Financial Advisors LLC Has $292,000 Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Brendel Financial Advisors LLC has reduced its stake in C.H. Robinson Worldwide, Inc. by 90.4%, resulting in ownership of only 3,044 shares worth approximately $292,000.
• Institutional investors own 93.15% of C.H. Robinson's stock, with several hedge funds, including Vanguard Group Inc., increasing their positions in the company.
• C.H. Robinson reported a quarterly earnings per share (EPS) of $1.29, exceeding analysts' estimates by $0.12, despite a 7.7% year-over-year decline in revenue.

Brendel Financial Advisors LLC reduced its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 90.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,044 shares of the transportation company's stock after selling 28,617 shares during the period. Brendel Financial Advisors LLC's holdings in C.H. Robinson Worldwide were worth $292,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CHRW. Boston Partners purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $234,304,000. Allianz Asset Management GmbH lifted its position in shares of C.H. Robinson Worldwide by 144.4% in the first quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock valued at $80,292,000 after acquiring an additional 463,216 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of C.H. Robinson Worldwide by 7,706.1% in the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after acquiring an additional 449,034 shares in the last quarter. Nuveen LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $40,825,000. Finally, Northern Trust Corp lifted its position in shares of C.H. Robinson Worldwide by 30.3% in the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after acquiring an additional 396,264 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHRW. Bank of America raised their target price on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Robert W. Baird upgraded C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research report on Thursday, July 31st. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Susquehanna reiterated a "positive" rating and set a $120.00 price objective (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $117.24.

Insider Activity

In other news, insider Arun Rajan sold 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider directly owned 130,591 shares of the company's stock, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock valued at $1,714,544 over the last three months. 0.91% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $0.95 during midday trading on Tuesday, hitting $134.93. 420,679 shares of the company's stock were exchanged, compared to its average volume of 1,378,921. The firm has a market cap of $15.93 billion, a P/E ratio of 30.74, a PEG ratio of 2.13 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $138.00. The stock's 50 day moving average price is $119.03 and its 200-day moving average price is $103.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company's revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 EPS. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

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.