Sound Financial Strategies Group LLC Sells 2,016 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sound Financial Strategies Group LLC trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 23.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,479 shares of the transportation company’s stock after selling 2,016 shares during the quarter. Sound Financial Strategies Group LLC’s holdings in C.H. Robinson Worldwide were worth $560,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $31,000. Pacific Center for Financial Services acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $34,000. Avior Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 71.4% in the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock valued at $37,000 after buying an additional 177 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $140,000. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $165,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company cut their price objective on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. BMO Capital Markets cut their price objective on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. Barclays reaffirmed an “underweight” rating and issued a $65.00 price objective (down from $80.00) on shares of C.H. Robinson Worldwide in a research report on Monday, April 1st. Finally, Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $81.21.

C.H. Robinson Worldwide Price Performance

CHRW stock traded up $0.59 during midday trading on Wednesday, reaching $70.94. 1,135,980 shares of the stock were exchanged, compared to its average volume of 1,576,702. The stock has a market capitalization of $8.30 billion, a PE ratio of 26.18, a P/E/G ratio of 3.64 and a beta of 0.72. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $106.14. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The company has a fifty day moving average price of $72.69 and a 200 day moving average price of $79.67.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $0.61 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a yield of 3.44%. C.H. Robinson Worldwide’s dividend payout ratio is currently 90.04%.

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.