Janney Montgomery Scott LLC Sells 14,277 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Janney Montgomery Scott LLC reduced its stake in C.H. Robinson Worldwide by 12.8%, selling 14,277 shares, leaving them with approximately 97,241 shares valued at $9.33 million.
• Insiders of C.H. Robinson have shown a trend of selling shares, with Angela K. Freeman and Michael John Short reducing their holdings by 8.00% and 9.53% respectively in recent transactions.
• C.H. Robinson Worldwide has received several upgrades from analysts, including an increase in price targets by multiple firms, with a current consensus target price of $126.19.

Janney Montgomery Scott LLC lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 12.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,241 shares of the transportation company's stock after selling 14,277 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of C.H. Robinson Worldwide worth $9,330,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $25,000. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth approximately $27,000. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth approximately $32,000. National Pension Service raised its position in shares of C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company's stock worth $44,000 after purchasing an additional 183 shares during the period. Finally, Ransom Advisory Ltd bought a new stake in C.H. Robinson Worldwide during the first quarter worth $51,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the company'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 completion of the sale, the insider owned 65,728 shares in the company, valued at $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the 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 sale, the insider owned 60,401 shares of the company's stock, valued at $7,081,413.24. This represents a 9.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 over the last quarter. 1.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. 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 note on Tuesday, July 1st. Baird R W raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. TD Cowen raised their price target on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Citigroup raised their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Barclays raised shares of C.H. Robinson Worldwide from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $95.00 to $130.00 in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.19.

C.H. Robinson Worldwide Trading Up 0.5%

Shares of NASDAQ:CHRW opened at $135.40 on Friday. The company has a market cap of $15.99 billion, a P/E ratio of 30.84, a PEG ratio of 2.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $138.00. The stock's fifty day moving average price is $125.18 and its 200-day moving average price is $105.64.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $0.62 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio 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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