HighTower Advisors LLC Sells 3,973 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• HighTower Advisors LLC has reduced its holdings in C.H. Robinson Worldwide, Inc. by 13.2%, selling 3,973 shares during the first quarter, resulting in total holdings of 26,138 shares valued at approximately $2.68 million.
• Multiple institutional investors have adjusted their stakes in C.H. Robinson, with Public Sector Pension Investment Board increasing its stake by 8.5% and Nuveen LLC acquiring a significant new position valued at about $40.8 million.
• C.H. Robinson recently announced a quarterly dividend of $0.62, representing a 2.0% yield, with an upcoming payment date of October 2nd for investors on record as of September 5th.

HighTower Advisors LLC reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,138 shares of the transportation company's stock after selling 3,973 shares during the period. HighTower Advisors LLC's holdings in C.H. Robinson Worldwide were worth $2,677,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. North Capital Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $25,000. NBC Securities Inc. acquired a new stake in C.H. Robinson Worldwide in the 1st quarter worth $27,000. First Financial Corp IN acquired a new stake in C.H. Robinson Worldwide in the 1st quarter worth $31,000. AdvisorNet Financial Inc grew its position 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 worth $43,000 after purchasing an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in C.H. Robinson Worldwide by 31.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after purchasing an additional 116 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares of the company's stock, valued at $15,898,148.34. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the transaction, the insider directly owned 60,401 shares of the company's stock, valued at $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock valued at $1,714,544 in the last ninety days. Insiders own 1.47% of the company's stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research analyst reports. Bank of America raised their price target on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Barclays restated an "underweight" rating and issued a $95.00 price target (up from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Citigroup raised their price target on shares of 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, Susquehanna restated a "positive" rating and issued a $120.00 price target (up from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $117.24.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded up $1.23 during midday trading on Thursday, reaching $129.29. 1,711,910 shares of the company's stock were exchanged, compared to its average volume of 1,729,145. The company's 50 day simple moving average is $107.51 and its two-hundred day simple moving average is $99.81. The firm has a market capitalization of $15.27 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $129.59. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend 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 (DPR) is currently 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.