Avantax Planning Partners Inc. Sells 89,679 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Avantax Planning Partners Inc. cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 93.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,693 shares of the transportation company's stock after selling 89,679 shares during the period. Avantax Planning Partners Inc.'s holdings in C.H. Robinson Worldwide were worth $685,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CHRW. Parallel Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 2.4% in the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after acquiring an additional 102 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of C.H. Robinson Worldwide by 0.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after acquiring an additional 112 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of C.H. Robinson Worldwide by 5.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after acquiring an additional 114 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of C.H. Robinson Worldwide by 31.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after acquiring an additional 116 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in shares of C.H. Robinson Worldwide by 0.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company's stock worth $1,579,000 after acquiring an additional 131 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the transaction, the insider directly owned 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded down $1.18 during midday trading on Friday, hitting $97.96. 478,230 shares of the company traded hands, compared to its average volume of 1,301,783. The stock has a 50-day moving average of $94.67 and a 200-day moving average of $97.67. C.H. Robinson Worldwide, Inc. has a one year low of $84.24 and a one year high of $114.82. The firm has a market cap of $11.63 billion, a P/E ratio of 23.44, a PEG ratio of 1.61 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The company's revenue was down 8.3% on a year-over-year basis. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 59.33%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Securities upped their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Raymond James Financial cut their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Citigroup cut their price target on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $113.50.

C.H. Robinson Worldwide Company 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.