Envestnet Portfolio Solutions Inc. Cuts Position in C.H. Robinson Worldwide, Inc. $CHRW

Envestnet Portfolio Solutions Inc. lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 31.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,367 shares of the transportation company's stock after selling 4,847 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in C.H. Robinson Worldwide were worth $995,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CHRW. Boston Partners purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at $234,304,000. Allianz Asset Management GmbH increased its position in shares of C.H. Robinson Worldwide by 144.4% in the first quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock valued at $80,292,000 after buying an additional 463,216 shares in the last quarter. Nuveen LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at $40,825,000. Northern Trust Corp increased its position in shares of C.H. Robinson Worldwide by 30.3% in the first 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. Finally, Jupiter Asset Management Ltd. increased its position in shares of C.H. Robinson Worldwide by 76.3% in the first quarter. Jupiter Asset Management Ltd. now owns 705,786 shares of the transportation company's stock valued at $72,272,000 after buying an additional 305,368 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CHRW shares. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $127.00 to $155.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Raymond James Financial lifted their price objective on C.H. Robinson Worldwide from $111.00 to $158.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Tuesday, July 1st. Robert W. Baird upgraded C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.05.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider directly owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction dated 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 directly owned 60,401 shares in the company, 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. In the last ninety days, insiders have sold 14,577 shares of company stock valued at $1,714,544. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.1%

Shares of NASDAQ:CHRW opened at $127.39 on Friday. The stock's 50-day moving average price is $128.74 and its two-hundred day moving average price is $107.57. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $138.00. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.76 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the company earned $1.15 EPS. The firm's quarterly revenue was down 7.7% on a year-over-year basis. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 56.49%.

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.

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