Edgestream Partners L.P. Has $3.04 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Edgestream Partners L.P. lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 14.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,678 shares of the transportation company's stock after selling 5,144 shares during the period. Edgestream Partners L.P.'s holdings in C.H. Robinson Worldwide were worth $3,039,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. North Capital Inc. bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $25,000. NBC Securities Inc. bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $27,000. First Financial Corp IN bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $31,000. Proficio Capital Partners LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $33,000. Finally, AdvisorNet Financial Inc boosted its holdings in C.H. Robinson Worldwide by 252.1% in the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after purchasing an additional 300 shares during the period. Institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 71,441 shares in the company, valued at $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Trading Up 0.6%

NASDAQ CHRW traded up $0.59 on Thursday, hitting $98.53. The company's stock had a trading volume of 1,041,877 shares, compared to its average volume of 1,285,402. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $114.82. The company's 50-day moving average is $96.33 and its 200 day moving average is $97.41. The firm has a market cap of $11.70 billion, a PE ratio of 23.57, a PEG ratio of 1.61 and a beta of 0.89.

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 (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The firm had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the company posted $0.86 EPS. The company's revenue was down 8.3% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHRW. JPMorgan Chase & Co. upped their price target on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Susquehanna restated a "positive" rating and set a $120.00 target price (up from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. Barclays cut their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Jefferies Financial Group cut their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Finally, Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

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.