Janney Montgomery Scott LLC Has $11.42 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Janney Montgomery Scott LLC cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,518 shares of the transportation company's stock after selling 6,257 shares during the period. Janney Montgomery Scott LLC owned approximately 0.09% of C.H. Robinson Worldwide worth $11,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in C.H. Robinson Worldwide by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 142,016 shares of the transportation company's stock valued at $14,673,000 after acquiring an additional 7,183 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of C.H. Robinson Worldwide by 1.2% in the 4th quarter. CIBC Asset Management Inc now owns 19,409 shares of the transportation company's stock worth $2,005,000 after purchasing an additional 232 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in C.H. Robinson Worldwide by 420.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,269 shares of the transportation company's stock valued at $131,000 after purchasing an additional 1,025 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in C.H. Robinson Worldwide by 54.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,370 shares of the transportation company's stock worth $555,000 after buying an additional 1,898 shares in the last quarter. Finally, Convergence Investment Partners LLC grew its position in C.H. Robinson Worldwide by 19.6% in the fourth quarter. Convergence Investment Partners LLC now owns 12,277 shares of the transportation company's stock worth $1,268,000 after buying an additional 2,011 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research reports. Raymond James Financial reduced their price objective on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. TD Securities upped their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Wells Fargo & Company dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Bank of America upped their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

C.H. Robinson Worldwide Stock Up 1.4%

NASDAQ:CHRW traded up $1.32 during trading hours on Monday, reaching $93.95. The company's stock had a trading volume of 625,844 shares, compared to its average volume of 1,317,341. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a one year low of $84.24 and a one year high of $114.82. The business's 50-day moving average is $93.66 and its 200-day moving average is $98.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The firm's revenue was down 8.3% on a year-over-year basis. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the sale, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Company 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.