Yousif Capital Management LLC Cuts Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Yousif Capital Management LLC lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,639 shares of the transportation company’s stock after selling 989 shares during the period. Yousif Capital Management LLC owned 0.07% of C.H. Robinson Worldwide worth $7,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of C.H. Robinson Worldwide by 2.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock worth $407,000 after buying an additional 105 shares during the last quarter. Perpetual Ltd boosted its stake in C.H. Robinson Worldwide by 2.3% during the 2nd quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock valued at $483,000 after purchasing an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in C.H. Robinson Worldwide by 5.5% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 114 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its stake in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 121 shares during the last quarter. Finally, Benedict Financial Advisors Inc. boosted its stake in C.H. Robinson Worldwide by 0.9% during the 1st quarter. Benedict Financial Advisors Inc. now owns 13,243 shares of the transportation company’s stock valued at $1,356,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Barclays upgraded C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $95.00 to $130.00 in a research note on Wednesday, October 1st. TD Cowen increased their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Evercore ISI increased their target price on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Finally, Wolfe Research upgraded C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.14.

Insider Activity

In other news, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares in the company, valued at $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the transaction, the insider owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 over the last 90 days. Corporate insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $124.39 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s fifty day moving average is $127.93 and its 200 day moving average is $106.92. The stock has a market cap of $14.69 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.73 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 56.49%.

About C.H. Robinson Worldwide

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.