Raymond James Trust N.A. Increases Stock Position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

Raymond James Trust N.A. grew its stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 31.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,358 shares of the transportation company’s stock after acquiring an additional 1,278 shares during the quarter. Raymond James Trust N.A.’s holdings in C.H. Robinson Worldwide were worth $452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in C.H. Robinson Worldwide by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 754,277 shares of the transportation company’s stock worth $63,424,000 after purchasing an additional 110,940 shares during the last quarter. Geode Capital Management LLC boosted its holdings in C.H. Robinson Worldwide by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 2,077,841 shares of the transportation company’s stock worth $174,463,000 after purchasing an additional 102,227 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth about $229,000. Teacher Retirement System of Texas boosted its holdings in C.H. Robinson Worldwide by 336.9% during the fourth quarter. Teacher Retirement System of Texas now owns 71,661 shares of the transportation company’s stock worth $6,026,000 after purchasing an additional 55,257 shares during the last quarter. Finally, Actinver Wealth Management Inc. purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $490,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Shares of CHRW stock opened at $84.26 on Thursday. The stock has a market capitalization of $11.35 billion, a P/E ratio of 17.81, a PEG ratio of 1.96 and a beta of 0.65. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $83.91 and its 200 day moving average is $85.54. C.H. Robinson Worldwide Inc has a 12 month low of $77.72 and a 12 month high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.22. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.02 billion. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. C.H. Robinson Worldwide’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. On average, equities analysts predict that C.H. Robinson Worldwide Inc will post 4.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Thursday, September 5th. C.H. Robinson Worldwide’s payout ratio is currently 42.28%.

A number of research analysts have weighed in on CHRW shares. UBS Group cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and dropped their target price for the company from $99.00 to $83.00 in a research note on Wednesday, May 1st. Stifel Nicolaus set a $95.00 target price on shares of C.H. Robinson Worldwide and gave the company a “buy” rating in a research note on Friday, May 3rd. Stephens dropped their target price on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Morgan Stanley set a $65.00 target price on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research note on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $90.20.

In related news, insider Angela K. Freeman sold 16,356 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $84.88, for a total transaction of $1,388,297.28. Following the sale, the insider now owns 47,594 shares of the company’s stock, valued at approximately $4,039,778.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Wiehoff sold 8,392 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $85.93, for a total transaction of $721,124.56. Following the sale, the insider now directly owns 34,499 shares in the company, valued at approximately $2,964,499.07. The disclosure for this sale can be found here. Corporate 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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