C.H. Robinson Worldwide, Inc. $CHRW Stock Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,900 shares of the transportation company’s stock after selling 4,137 shares during the quarter. Park Avenue Securities LLC’s holdings in C.H. Robinson Worldwide were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CHRW. Apollon Wealth Management LLC increased its stake in shares of C.H. Robinson Worldwide by 1,658.2% in the third quarter. Apollon Wealth Management LLC now owns 67,199 shares of the transportation company’s stock worth $9,943,000 after buying an additional 63,377 shares during the period. Fee Only Financial Planning L.C. purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $1,134,000. Tower View Wealth Management LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $3,609,000. Purewater Capital LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $784,000. Finally, Sigma Planning Corp increased its position in shares of C.H. Robinson Worldwide by 1,453.4% in the third quarter. Sigma Planning Corp now owns 16,854 shares of the transportation company’s stock valued at $2,494,000 after acquiring an additional 15,769 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CHRW shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $180.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price target on the stock. in a report on Monday, October 12th. Stifel Nicolaus lowered their price target on C.H. Robinson Worldwide from $209.00 to $198.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Finally, Bank of America reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $180.52.

C.H. Robinson Worldwide Trading Up 3.3%

Shares of CHRW opened at $128.71 on Tuesday. The firm’s 50-day moving average price is $145.02 and its 200-day moving average price is $169.35. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.06 and a beta of 0.94. The company has a current ratio of 1.34, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. C.H. Robinson Worldwide, Inc. has a 1-year low of $122.21 and a 1-year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.05. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the company earned $1.40 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 29.5% on a year-over-year basis. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.34 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio is 45.24%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.