C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,367 shares of the transportation company’s stock after selling 4,847 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in C.H. Robinson Worldwide were worth $995,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $25,000. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $32,000. National Pension Service raised its holdings in shares of C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after buying an additional 183 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $51,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of C.H. Robinson Worldwide by 307.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the transportation company’s stock valued at $54,000 after buying an additional 400 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider owned 65,728 shares of the company’s stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $127.39 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $138.00. The stock’s 50 day moving average is $128.74 and its two-hundred day moving average is $107.57. The company has a market capitalization of $15.04 billion, a PE ratio of 29.02, a P/E/G ratio of 1.76 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the business earned $1.15 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is 56.49%.

Analyst Ratings Changes

Several brokerages recently commented on CHRW. Raymond James Financial raised their target price on C.H. Robinson Worldwide from $111.00 to $158.00 and gave the company an “outperform” rating in a report on Tuesday. Susquehanna set a $165.00 target price on C.H. Robinson Worldwide and gave the company a “positive” rating in a report on Wednesday, September 24th. 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 report on Tuesday, July 1st. Evercore ISI raised their target price on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, Barclays upgraded C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $95.00 to $130.00 in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.05.

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.