Cetera Investment Advisers Sells 3,290 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• Cetera Investment Advisers reduced its stake in C.H. Robinson Worldwide by 3.4%, now holding 92,408 shares worth approximately $9.46 million.
• Several analysts have upgraded their target prices for C.H. Robinson Worldwide, with Bank of America raising it from $106.00 to $117.00 and maintaining a "buy" rating.
• In the latest earnings report, C.H. Robinson Worldwide surpassed earnings expectations with $1.29 EPS but reported a decline in revenue of 7.7% year-over-year.

Cetera Investment Advisers cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,408 shares of the transportation company's stock after selling 3,290 shares during the quarter. Cetera Investment Advisers owned approximately 0.08% of C.H. Robinson Worldwide worth $9,463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CHRW. North Capital Inc. acquired a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $27,000. First Financial Corp IN acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $31,000. AdvisorNet Financial Inc boosted its holdings in C.H. Robinson Worldwide by 252.1% in the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after acquiring an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 valued at $49,000 after buying an additional 116 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CHRW. Stifel Nicolaus increased their target price on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a research report on Thursday. Baird R W raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Raymond James Financial set a $111.00 price objective on C.H. Robinson Worldwide and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research note on Tuesday, July 1st. Finally, TD Securities raised their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $116.33.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded down $1.46 during trading on Friday, hitting $113.86. 2,339,374 shares of the stock were exchanged, compared to its average volume of 1,362,338. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $116.16. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. The company's fifty day simple moving average is $97.53 and its 200-day simple moving average is $97.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.29 and a current ratio of 1.31.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a $0.62 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.2%. C.H. Robinson Worldwide's payout ratio is presently 56.49%.

C.H. Robinson Worldwide 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.