Gateway Investment Advisers LLC reduced its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 6.9% during the 2nd quarter, Holdings Channel reports. The firm owned 5,168 shares of the transportation company’s stock after selling 384 shares during the quarter. Gateway Investment Advisers LLC’s holdings in C.H. Robinson Worldwide were worth $436,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Farmers National Bank acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $26,000. Bremer Bank National Association acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $36,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in C.H. Robinson Worldwide by 32.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 572 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 140 shares during the period. Rational Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $55,000. Finally, NuWave Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $58,000. 85.92% of the stock is currently owned by institutional investors.
Several brokerages have commented on CHRW. Morgan Stanley set a $36.00 price objective on ArcBest and gave the company a “hold” rating in a report on Monday, July 8th. Susquehanna Bancshares lowered Echo Global Logistics from a “positive” rating to a “neutral” rating in a report on Wednesday, April 10th. Stifel Nicolaus set a $95.00 price objective on C.H. Robinson Worldwide and gave the company a “buy” rating in a report on Friday, May 3rd. UBS Group lowered Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Stephens set a $71.00 price target on Saia and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $93.71.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.02. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.98 billion. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. Research analysts expect that C.H. Robinson Worldwide Inc will post 4.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 42.28%.
In related news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of the stock in a transaction on Thursday, May 9th. The shares were bought at an average price of $83.18 per share, with a total value of $99,982.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.65% of the company’s stock.
C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
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