Yousif Capital Management LLC Trims Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Yousif Capital Management LLC lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 14.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,628 shares of the transportation company's stock after selling 13,680 shares during the quarter. Yousif Capital Management LLC owned 0.07% of C.H. Robinson Worldwide worth $8,564,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in C.H. Robinson Worldwide by 1.8% during the first quarter. Farther Finance Advisors LLC now owns 27,490 shares of the transportation company's stock worth $2,825,000 after acquiring an additional 495 shares during the period. First Citizens Bank & Trust Co. boosted its position in C.H. Robinson Worldwide by 0.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company's stock worth $1,579,000 after purchasing an additional 131 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of C.H. Robinson Worldwide by 6.5% during the 1st quarter. Wedge Capital Management L L P NC now owns 51,065 shares of the transportation company's stock worth $5,229,000 after purchasing an additional 3,132 shares during the period. Gateway Investment Advisers LLC increased its holdings in shares of C.H. Robinson Worldwide by 12.1% during the 1st quarter. Gateway Investment Advisers LLC now owns 6,563 shares of the transportation company's stock valued at $672,000 after purchasing an additional 707 shares in the last quarter. Finally, Matrix Trust Co increased its holdings in shares of C.H. Robinson Worldwide by 51.1% during the 1st quarter. Matrix Trust Co now owns 1,393 shares of the transportation company's stock valued at $143,000 after purchasing an additional 471 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Down 1.5%

NASDAQ CHRW traded down $1.46 during trading on Friday, reaching $93.54. 981,522 shares of the company's stock were exchanged, compared to its average volume of 1,334,663. C.H. Robinson Worldwide, Inc. has a 1 year low of $83.23 and a 1 year high of $114.82. The stock has a market cap of $11.11 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 1.16 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The company has a 50 day moving average price of $93.34 and a two-hundred day moving average price of $99.07.

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 company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 earnings per share. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.65%. C.H. Robinson Worldwide's payout ratio is 59.33%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group dropped their price target on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Evercore ISI dropped their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Susquehanna cut their price target on C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company lowered their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, TD Securities boosted their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $114.29.

Insider Activity at C.H. Robinson Worldwide

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 value of $555,294.00. Following the transaction, the insider now owns 71,441 shares of the company's stock, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.47% of the stock is owned by insiders.

About C.H. Robinson Worldwide

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.