Brendel Financial Advisors LLC Decreases Position 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 trimmed its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 90.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.4% in the first quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company's stock worth $1,493,645,000 after purchasing an additional 51,207 shares during the period. Boston Partners bought a new position in shares of C.H. Robinson Worldwide during the first quarter worth $234,304,000. Invesco Ltd. boosted its position in shares of C.H. Robinson Worldwide by 8.4% during the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company's stock worth $234,058,000 after acquiring an additional 176,374 shares during the last quarter. Northern Trust Corp boosted its position in shares of C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock worth $174,393,000 after acquiring an additional 396,264 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of C.H. Robinson Worldwide by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company's stock worth $144,965,000 after acquiring an additional 16,068 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CHRW. Barclays restated an "underweight" rating and set a $95.00 target price (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Bank of America increased their price objective on shares of 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. Stifel Nicolaus increased their price objective on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Citigroup increased their price objective 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. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.24.

C.H. Robinson Worldwide Trading Down 0.7%

CHRW stock opened at $136.07 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $16.07 billion, a PE ratio of 31.00, a P/E/G ratio of 2.15 and a beta of 0.87. The firm's 50-day moving average is $118.31 and its 200 day moving average is $103.22. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's payout ratio is currently 56.49%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction 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 owned 130,591 shares in the company, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction 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 of the company's stock, valued at $7,640,222.72. The trade was a 8.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,577 shares of company stock worth $1,714,544. Company insiders own 1.47% of the company's stock.

About C.H. Robinson Worldwide

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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