Yousif Capital Management LLC Sells 7,359 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Yousif Capital trimmed its stake in C.H. Robinson by 9.3%, selling 7,359 shares and leaving it with 71,954 shares (about $12.6M, ~0.06% of the company).
• C.H. Robinson reported Q4 EPS of $1.23 (beat $1.12) but revenue fell 6.5% YoY; the stock trades near $172 with a market cap of roughly $20.3B.
• The firm pays a quarterly dividend of $0.63 (annualized $2.52, yield ~1.5%), and while insiders like Arun Rajan and Michael Castagnetto recently bought shares, insiders sold more than they bought in the past 90 days (19,026 sold vs. 2,422 bought).

Yousif Capital Management LLC decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,954 shares of the transportation company's stock after selling 7,359 shares during the quarter. Yousif Capital Management LLC owned approximately 0.06% of C.H. Robinson Worldwide worth $12,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $30,000. Clearstead Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company's stock valued at $32,000 after purchasing an additional 128 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $34,000. Finally, Arlington Trust Co LLC acquired a new position in C.H. Robinson Worldwide during the third quarter worth $34,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Up 3.8%

Shares of CHRW opened at $172.42 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $20.32 billion, a P/E ratio of 35.70, a P/E/G ratio of 1.77 and a beta of 0.93. The firm has a 50-day moving average price of $179.52 and a 200 day moving average price of $161.86. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. Sell-side 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 announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, March 6th. C.H. Robinson Worldwide's payout ratio is presently 52.17%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Arun Rajan bought 605 shares of the firm's stock in a transaction on Thursday, February 12th. The shares were bought at an average cost of $167.11 per share, for a total transaction of $101,101.55. Following the transaction, the insider owned 133,656 shares of the company's stock, valued at approximately $22,335,254.16. This trade represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto purchased 594 shares of the business's stock in a transaction dated Thursday, February 12th. The shares were purchased at an average cost of $168.24 per share, with a total value of $99,934.56. Following the purchase, the insider directly owned 35,488 shares in the company, valued at approximately $5,970,501.12. The trade was a 1.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 2,422 shares of company stock worth $400,801 and sold 19,026 shares worth $3,770,665. Company insiders own 1.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $215.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. BMO Capital Markets reaffirmed a "market perform" rating and set a $180.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. UBS Group set a $160.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $149.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, January 14th. Finally, TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a "hold" rating in a report on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $182.83.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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