Crossmark Global Holdings Inc. Sells 35,548 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Crossmark Global Holdings Inc. cut its stake in C.H. Robinson Worldwide (CHRW) by 30.9% in Q3, selling 35,548 shares and retaining 79,496 shares worth about $10.53 million.
• Several brokerages recently raised ratings and price targets (e.g., Barclays to Overweight/$200, Susquehanna to $220), leaving a MarketBeat consensus of Moderate Buy with an average target of $181.29.
• C.H. Robinson beat Q4 EPS estimates ($1.23 vs. $1.12) despite a 6.5% revenue decline year-over-year, declared a $0.63 quarterly dividend (1.4% yield), and saw mixed insider activity with recent purchases and sales.

Crossmark Global Holdings Inc. lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 30.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 79,496 shares of the transportation company's stock after selling 35,548 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.07% of C.H. Robinson Worldwide worth $10,525,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CHRW. CYBER HORNET ETFs LLC acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $30,000. Clearstead Advisors LLC raised its holdings in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company's stock worth $32,000 after buying an additional 128 shares during the last quarter. Arlington Trust Co LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $34,000. MUFG Securities EMEA plc acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $34,000. Finally, Quent Capital LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $37,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CHRW. Barclays raised shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $145.00 to $200.00 in a research report on Tuesday, December 16th. Bank of America increased their price objective on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a "buy" rating in a research note on Wednesday, December 24th. Sanford C. Bernstein raised their target price on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a "market perform" rating in a report on Friday, January 9th. Susquehanna lifted their target price on C.H. Robinson Worldwide from $210.00 to $220.00 and gave the company a "positive" rating in a research report on Thursday, January 29th. Finally, Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average price target of $181.29.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $184.81 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm has a market cap of $21.92 billion, a PE ratio of 38.26, a P/E/G ratio of 2.00 and a beta of 0.90. The business has a 50 day moving average of $180.03 and a 200-day moving average of $154.69. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.11. The business had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The business's revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 earnings per share. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide's dividend payout ratio is presently 52.17%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto purchased 594 shares of the firm's stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $168.24 per share, for a total transaction of $99,934.56. Following the purchase, the insider directly owned 35,488 shares in the company, valued at approximately $5,970,501.12. This trade represents a 1.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arun Rajan purchased 605 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of $167.11 per share, for a total transaction of $101,101.55. Following the acquisition, the insider directly owned 133,656 shares in the company, valued at $22,335,254.16. This trade represents a 0.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 1.47% of the stock is currently owned by corporate insiders.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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