Schechter Investment Advisors LLC Invests $312,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Schechter Investment Advisors LLC bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,042 shares of the transportation company's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CHRW. Xponance Inc. increased its holdings in C.H. Robinson Worldwide by 1.6% in the first quarter. Xponance Inc. now owns 18,365 shares of the transportation company's stock valued at $1,881,000 after buying an additional 294 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in C.H. Robinson Worldwide by 1.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 75,130 shares of the transportation company's stock valued at $7,508,000 after buying an additional 943 shares during the last quarter. M&T Bank Corp increased its holdings in C.H. Robinson Worldwide by 1.7% in the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company's stock valued at $892,000 after buying an additional 144 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in C.H. Robinson Worldwide by 2.3% in the first quarter. Crossmark Global Holdings Inc. now owns 94,943 shares of the transportation company's stock valued at $9,722,000 after buying an additional 2,134 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in C.H. Robinson Worldwide by 802.9% in the first quarter. TD Private Client Wealth LLC now owns 2,456 shares of the transportation company's stock valued at $251,000 after buying an additional 2,184 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on CHRW shares. Wolfe Research raised 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 report on Tuesday, July 1st. Citigroup boosted 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. Robert W. Baird started coverage on C.H. Robinson Worldwide in a report on Tuesday, July 1st. They issued a "neutral" rating and a $105.00 price objective for the company. Evercore ISI lowered their price objective on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Wells Fargo & Company decreased their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $114.29.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $97.06 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $95.94 and a 200-day simple moving average of $97.44. The company has a market cap of $11.52 billion, a PE ratio of 23.22, a P/E/G ratio of 1.60 and a beta of 0.89. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The business's revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, equities research analysts forecast 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 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. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. C.H. Robinson Worldwide's dividend payout ratio is presently 59.33%.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider directly owned 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company's stock.

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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