Envestnet Asset Management Inc. Sells 7,489 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Envestnet Asset Management Inc. decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,672 shares of the transportation company's stock after selling 7,489 shares during the period. Envestnet Asset Management Inc. owned approximately 0.21% of C.H. Robinson Worldwide worth $25,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth about $134,833,000. First Trust Advisors LP grew its holdings in shares of C.H. Robinson Worldwide by 163.6% during the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock valued at $124,625,000 after acquiring an additional 748,661 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of C.H. Robinson Worldwide by 25.7% in the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after purchasing an additional 593,211 shares during the last quarter. GAMMA Investing LLC lifted its position in C.H. Robinson Worldwide by 7,706.1% during the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock worth $46,578,000 after acquiring an additional 449,034 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of C.H. Robinson Worldwide by 386.9% during the fourth quarter. Marshall Wace LLP now owns 374,941 shares of the transportation company's stock valued at $38,739,000 after buying an additional 297,938 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider owned 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Citigroup upped their price objective on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. TD Cowen upped their price objective 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. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Tuesday, July 1st. Finally, Bank of America upped their target price on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average price target of $114.29.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded down $1.05 on Friday, reaching $97.48. The stock had a trading volume of 1,232,694 shares, compared to its average volume of 1,284,504. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $114.82. The company has a market cap of $11.57 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The business's 50 day moving average is $96.50 and its two-hundred day moving average is $97.37.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the firm posted $0.86 earnings per share. C.H. Robinson Worldwide's quarterly revenue was down 8.3% on a year-over-year basis. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's payout ratio is currently 59.33%.

About C.H. Robinson Worldwide

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.