C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by ORG Wealth Partners LLC

Key Points

• ORG Wealth Partners LLC reduced its holdings in C.H. Robinson Worldwide by 80.7%, ending the second quarter with only 825 shares valued at $81,000.
• Analysts have mixed opinions on C.H. Robinson, with a consensus rating of Moderate Buy and an average price target of $119.38.
• C.H. Robinson Worldwide recently declared a quarterly dividend of $0.62, contributing to an annualized dividend yield of 1.9%.

ORG Wealth Partners LLC lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 80.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 825 shares of the transportation company's stock after selling 3,459 shares during the quarter. ORG Wealth Partners LLC's holdings in C.H. Robinson Worldwide were worth $81,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in C.H. Robinson Worldwide by 17.4% in the 4th quarter. Mackenzie Financial Corp now owns 5,621 shares of the transportation company's stock worth $581,000 after purchasing an additional 834 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at $6,747,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of C.H. Robinson Worldwide by 5.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,535 shares of the transportation company's stock worth $2,535,000 after acquiring an additional 1,209 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in 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 in the last quarter. Finally, First Hawaiian Bank purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth $244,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on CHRW shares. Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Citigroup increased their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Wells Fargo & Company raised their target price on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. upped their price objective on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $119.38.

C.H. Robinson Worldwide Stock Down 1.5%

Shares of NASDAQ CHRW opened at $131.81 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The stock's 50-day simple moving average is $121.88 and its 200-day simple moving average is $104.45. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $138.00. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 2.07 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The business's revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 56.49%.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the sale, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was 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 $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock valued at $1,714,544 in the last quarter. Insiders own 1.47% of the company's stock.

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.

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