Sequoia Financial Advisors LLC Raises Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sequoia Financial Advisors LLC increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.7% in the third quarter, Holdings Channel.com reports. The firm owned 21,552 shares of the transportation company’s stock after purchasing an additional 1,359 shares during the period. Sequoia Financial Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $2,379,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division lifted its stake in shares of C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 120 shares in the last quarter. Empirical Finance LLC increased its position in shares of C.H. Robinson Worldwide by 3.4% in the first quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock worth $325,000 after acquiring an additional 140 shares in the last quarter. Quent Capital LLC increased its position in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after acquiring an additional 146 shares in the last quarter. Redwood Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 0.6% in the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after acquiring an additional 165 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Down 1.0 %

NASDAQ:CHRW opened at $106.73 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 42.19, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10. The stock has a 50-day simple moving average of $104.99 and a 200 day simple moving average of $91.68.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio is currently 98.02%.

Wall Street Analyst Weigh In

Several research analysts have commented on CHRW shares. Robert W. Baird raised their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Benchmark raised their target price on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Susquehanna upped their price target on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Wells Fargo & Company boosted their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $100.29.

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.