Brandywine Oak Private Wealth LLC trimmed its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,129 shares of the transportation company’s stock after selling 202 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $263,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farmers National Bank bought a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $26,000. Bremer Bank National Association acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $36,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of 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 worth $50,000 after acquiring an additional 140 shares during the last quarter. Rational Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $55,000. Finally, NuWave Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $58,000. Institutional investors own 87.71% of the company’s stock.
In other news, 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 owns 34,499 shares in the company, valued at approximately $2,964,499.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 16,356 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $84.88, for a total value of $1,388,297.28. Following the completion of the sale, the insider now owns 47,594 shares in the company, valued at approximately $4,039,778.72. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by insiders.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $4.02 billion. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 EPS. As a group, equities research analysts predict that C.H. Robinson Worldwide Inc will post 4.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. C.H. Robinson Worldwide’s dividend payout ratio is presently 42.28%.
CHRW has been the topic of a number of recent research reports. Morgan Stanley set a $65.00 price target on shares of C.H. Robinson Worldwide and gave the stock a “sell” rating in a research note on Monday, July 8th. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. UBS Group downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $99.00 to $83.00 in a research note on Wednesday, May 1st. Stephens cut their price objective on C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.44.
C.H. Robinson Worldwide Company 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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