C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,306 shares of the transportation company's stock after buying an additional 6,045 shares during the quarter. Sequoia Financial Advisors LLC's holdings in C.H. Robinson Worldwide were worth $2,694,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. National Pension Service acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth about $27,000. First Financial Corp IN acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth about $31,000. Proficio Capital Partners LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth about $33,000. Finally, Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $41,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America raised their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Barclays reduced their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Truist Financial assumed coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a "buy" rating and a $115.00 price objective for the company. Finally, Susquehanna reaffirmed a "positive" rating and set a $120.00 price objective (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.52.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 71,441 shares in the company, valued at $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is owned by insiders.

C.H. Robinson Worldwide Trading Down 0.7%

Shares of CHRW stock traded down $0.71 on Monday, hitting $95.95. 1,110,895 shares of the company's stock traded hands, compared to its average volume of 1,304,578. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. C.H. Robinson Worldwide, Inc. has a one year low of $84.24 and a one year high of $114.82. The company's fifty day simple moving average is $93.92 and its 200 day simple moving average is $98.04. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.58 and a beta of 0.90.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.62 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.58%. C.H. Robinson Worldwide's payout ratio is currently 59.33%.

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.