Farther Finance Advisors LLC Lowers Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Farther Finance Advisors LLC reduced its stake in C.H. Robinson Worldwide, Inc. by 11.6%, owning 24,311 shares worth approximately $2.33 million after selling 3,179 shares in the second quarter.
• The company reported $1.29 EPS for its latest quarter, beating estimates, but its revenue decreased by 7.7% year-over-year, totaling $4.14 billion.
• C.H. Robinson Worldwide has an upcoming quarterly dividend of $0.62 per share, representing an annual yield of 1.9%.

Farther Finance Advisors LLC lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 11.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,311 shares of the transportation company's stock after selling 3,179 shares during the quarter. Farther Finance Advisors LLC's holdings in C.H. Robinson Worldwide were worth $2,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of C.H. Robinson Worldwide by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company's stock valued at $1,493,645,000 after acquiring an additional 51,207 shares during the period. Boston Partners acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $234,304,000. Invesco Ltd. lifted its position in shares of C.H. Robinson Worldwide by 8.4% during the 1st quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company's stock valued at $234,058,000 after acquiring an additional 176,374 shares during the period. Northern Trust Corp lifted its position in shares of C.H. Robinson Worldwide by 30.3% during the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after acquiring an additional 396,264 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of C.H. Robinson Worldwide by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company's stock valued at $144,965,000 after acquiring an additional 16,068 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 1.5%

Shares of NASDAQ CHRW opened at $133.98 on Tuesday. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $138.00. The firm has a fifty day moving average of $119.03 and a 200-day moving average of $103.52. The stock has a market capitalization of $15.82 billion, a PE ratio of 30.52, a P/E/G ratio of 2.13 and a beta of 0.87. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the previous year, the company earned $1.15 EPS. The business's quarterly revenue was down 7.7% compared to the same quarter last year. On average, analysts anticipate 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 will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is 56.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Bank of America lifted their price target on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Susquehanna restated a "positive" rating and set a $120.00 price objective (up from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. Citigroup lifted their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, TD Cowen lifted their price objective on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.24.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,713 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Short sold 6,364 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the sale, the insider directly owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,577 shares of company stock valued at $1,714,544. Company insiders own 0.91% of the company's stock.

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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.