Financial Advisors Network Inc. Has $235,000 Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Financial Advisors Network Inc. sold 42,702 shares of C.H. Robinson Worldwide, decreasing its holdings by 94.9% in the first quarter, leaving them with a total of 2,298 shares valued at $235,000.
• C.H. Robinson Worldwide recently announced a quarterly dividend of $0.62 per share, translating to an annualized yield of 2.0%.
• In its latest earnings report, C.H. Robinson Worldwide reported $1.29 EPS, surpassing the consensus estimate of $1.17, despite a 7.7% year-over-year revenue decline.

Financial Advisors Network Inc. lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 94.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,298 shares of the transportation company's stock after selling 42,702 shares during the period. Financial Advisors Network Inc.'s holdings in C.H. Robinson Worldwide were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CHRW. Northern Trust Corp boosted its stake in C.H. Robinson Worldwide by 30.3% during the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after purchasing an additional 396,264 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of C.H. Robinson Worldwide by 33.6% during the 1st quarter. Brooklyn Investment Group now owns 620 shares of the transportation company's stock valued at $63,000 after purchasing an additional 156 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its position in shares of C.H. Robinson Worldwide by 1.9% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company's stock valued at $663,000 after purchasing an additional 121 shares in the last quarter. Boston Partners acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $234,304,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of C.H. Robinson Worldwide by 2.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock worth $407,000 after purchasing an additional 105 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 1.9%

Shares of C.H. Robinson Worldwide stock traded up $2.38 during midday trading on Friday, hitting $125.18. The company's stock had a trading volume of 1,577,441 shares, compared to its average volume of 1,663,091. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $126.85. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $14.78 billion, a P/E ratio of 28.51, a PEG ratio of 1.93 and a beta of 0.86. The stock has a 50-day simple moving average of $104.78 and a 200-day simple moving average of $98.98.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is 56.49%.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,713 shares of the business'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 transaction, the insider directly owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the sale, the insider owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America raised their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a report on Friday. UBS Group reissued a "buy" rating and set a $133.00 price objective (up from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Wells Fargo & Company boosted their target price 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. TD Cowen upped their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Finally, Barclays reissued an "underweight" rating and issued a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $117.24.

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.