CreativeOne Wealth LLC Sells 3,848 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• CreativeOne Wealth LLC has significantly decreased its stock holdings in C.H. Robinson Worldwide by 64.1%, now owning only 2,152 shares worth $220,000.
• Multiple large investors have also altered their positions in C.H. Robinson, with notable purchases by North Capital Inc. and NBC Securities Inc., indicating shifting interest among institutional investors.
• C.H. Robinson Worldwide reported earnings of $1.29 EPS for the last quarter, surpassing estimates, but experienced a 7.7% year-over-year revenue decline.

CreativeOne Wealth LLC cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 64.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,152 shares of the transportation company's stock after selling 3,848 shares during the quarter. CreativeOne Wealth LLC's holdings in C.H. Robinson Worldwide were worth $220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHRW. Boston Partners acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth approximately $234,304,000. Allianz Asset Management GmbH raised its stake in C.H. Robinson Worldwide by 144.4% in the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock valued at $80,292,000 after acquiring an additional 463,216 shares during the period. GAMMA Investing LLC raised its stake in C.H. Robinson Worldwide by 7,706.1% in the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after acquiring an additional 449,034 shares during the period. Nuveen LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $40,825,000. Finally, Northern Trust Corp grew its holdings in C.H. Robinson Worldwide by 30.3% in the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after buying an additional 396,264 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on CHRW shares. UBS Group reaffirmed a "buy" rating and issued a $133.00 price objective (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the stock an "outperform" rating in a report on Tuesday, July 15th. TD Cowen increased their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their target price on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Barclays reissued an "underweight" rating and set a $95.00 target price (up from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. One 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 stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $117.24.

C.H. Robinson Worldwide Trading Down 1.3%

C.H. Robinson Worldwide stock traded down $1.71 during trading hours on Friday, hitting $126.13. The stock had a trading volume of 1,448,044 shares, compared to its average volume of 1,419,221. 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 stock has a market cap of $14.89 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 2.00 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $131.17. The business's 50 day simple moving average is $111.62 and its 200-day simple moving average is $101.01.

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, beating the consensus estimate of $1.17 by $0.12. The firm 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%.The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the company earned $1.15 earnings per share. On average, equities 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 firm also recently announced 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. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's payout ratio is presently 56.49%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares in the company, 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 can be accessed through this hyperlink. Also, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value 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 ownership of the stock. 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 corporate insiders.

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.