Pacer Advisors Inc. Reduces Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pacer Advisors Inc. trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 34.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,870 shares of the transportation company's stock after selling 3,633 shares during the period. Pacer Advisors Inc.'s holdings in C.H. Robinson Worldwide were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHRW. North Capital Inc. purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $25,000. NBC Securities Inc. purchased a new position in C.H. Robinson Worldwide during the first quarter worth about $27,000. First Financial Corp IN acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $31,000. AdvisorNet Financial Inc grew its stake in shares of C.H. Robinson Worldwide by 252.1% in the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after buying an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of C.H. Robinson Worldwide by 31.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after buying an additional 116 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CHRW shares. TD Cowen upped their price objective on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday. Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Baird R W upgraded C.H. Robinson Worldwide to a "hold" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price objective on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Robert W. Baird raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $116.33.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 18.1%

Shares of NASDAQ:CHRW opened at $115.32 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $116.16. The firm's 50 day moving average price is $97.16 and its 200 day moving average price is $97.27. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89.

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 for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.45%. The company's revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 56.49%.

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.

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