C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 71.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,588 shares of the transportation company's stock after selling 21,986 shares during the quarter. SG Americas Securities LLC's holdings in C.H. Robinson Worldwide were worth $879,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Asset Management One Co. Ltd. raised its position in shares of C.H. Robinson Worldwide by 0.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 45,984 shares of the transportation company's stock worth $4,777,000 after acquiring an additional 401 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 142,016 shares of the transportation company's stock valued at $14,673,000 after buying an additional 7,183 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of C.H. Robinson Worldwide by 1.2% during the 4th quarter. CIBC Asset Management Inc now owns 19,409 shares of the transportation company's stock valued at $2,005,000 after acquiring an additional 232 shares during the period. Venturi Wealth Management LLC grew its position in shares of C.H. Robinson Worldwide by 420.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,269 shares of the transportation company's stock valued at $131,000 after acquiring an additional 1,025 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of C.H. Robinson Worldwide by 54.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,370 shares of the transportation company's stock valued at $555,000 after acquiring an additional 1,898 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded down $0.78 during trading hours on Friday, reaching $92.63. The company's stock had a trading volume of 1,665,321 shares, compared to its average volume of 1,332,187. The stock has a market cap of $11.00 billion, a PE ratio of 22.16, a PEG ratio of 1.53 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $114.82. The company's 50-day moving average is $93.60 and its two-hundred day moving average is $98.79. 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 (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the company earned $0.86 EPS. The firm's revenue was down 8.3% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.68%. C.H. Robinson Worldwide's payout ratio is currently 59.33%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America increased their price objective on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a report on Friday, May 16th. TD Cowen increased 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 report on Thursday, May 1st. Jefferies Financial Group cut their price objective on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, April 11th. Raymond James Financial cut their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $114.29.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the company'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 value of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares of the company's stock, valued at $6,959,782.22. This represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.47% 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.