C.H. Robinson Worldwide, Inc. $CHRW Holdings Boosted by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors increased its C.H. Robinson stake by 111.9% in the second quarter, holding 45,424 shares valued at approximately $8.6 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly EPS of $1.61, beating estimates by $0.08, while revenue rose 19.3% year over year to $4.93 billion. The company also maintained a quarterly dividend of $0.63 per share, representing a 1.7% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $196.56, compared with shares recently trading at $152.42.

Sequoia Financial Advisors LLC lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 111.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,424 shares of the transportation company's stock after buying an additional 23,990 shares during the period. Sequoia Financial Advisors LLC's holdings in C.H. Robinson Worldwide were worth $8,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CHRW. Tidal Investments LLC lifted its stake in C.H. Robinson Worldwide by 13.3% in the 2nd quarter. Tidal Investments LLC now owns 38,614 shares of the transportation company's stock worth $7,273,000 after acquiring an additional 4,521 shares in the last quarter. WINTON GROUP Ltd grew its stake in C.H. Robinson Worldwide by 18.8% during the 2nd quarter. WINTON GROUP Ltd now owns 4,150 shares of the transportation company's stock valued at $782,000 after acquiring an additional 657 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of C.H. Robinson Worldwide by 601.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 60,693 shares of the transportation company's stock valued at $11,003,000 after purchasing an additional 52,044 shares during the period. NewEdge Advisors LLC increased its holdings in shares of C.H. Robinson Worldwide by 12.9% in the 2nd quarter. NewEdge Advisors LLC now owns 2,650 shares of the transportation company's stock valued at $499,000 after purchasing an additional 303 shares during the period. Finally, XY Planning Network Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter worth approximately $218,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Up 1.3%

Shares of C.H. Robinson Worldwide stock opened at $152.42 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $17.81 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. The company's fifty day moving average price is $165.33 and its two-hundred day moving average price is $173.09.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analysts' expectations 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 last year, the company earned $1.29 earnings per share. On average, analysts expect 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. Investors of record on Friday, September 4th will be given 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 dividend yield of 1.7%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 48.09%.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Stephens lowered their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. UBS Group boosted their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, June 1st. Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.