C.H. Robinson Worldwide, Inc. (CHRW) Shares Sold by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. cut its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,663 shares of the transportation company’s stock after selling 322 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in C.H. Robinson Worldwide were worth $1,442,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CHRW. Prudential Financial Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.5% in the third quarter. Prudential Financial Inc. now owns 201,559 shares of the transportation company’s stock worth $14,201,000 after buying an additional 947 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $31,107,000. State of Alaska Department of Revenue boosted its stake in shares of C.H. Robinson Worldwide by 62.9% in the third quarter. State of Alaska Department of Revenue now owns 52,643 shares of the transportation company’s stock worth $3,708,000 after buying an additional 20,334 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of C.H. Robinson Worldwide by 19.9% in the third quarter. State of Wisconsin Investment Board now owns 264,770 shares of the transportation company’s stock worth $18,656,000 after buying an additional 44,000 shares in the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $2,251,000. 85.16% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) traded up 1.47% on Thursday, hitting $76.45. 997,661 shares of the company traded hands. The firm’s 50 day moving average price is $77.61 and its 200 day moving average price is $74.68. The firm has a market capitalization of $10.80 billion, a PE ratio of 21.30 and a beta of 0.39. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.57 and a 1-year high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, January 31st. The transportation company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. The firm earned $3.40 billion during the quarter, compared to analysts’ expectations of $3.32 billion. C.H. Robinson Worldwide had a return on equity of 41.22% and a net margin of 3.91%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post $3.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 3rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Wednesday, March 1st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 50.14%.

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A number of brokerages recently issued reports on CHRW. Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $78.00 to $83.00 and gave the company a “hold” rating in a research note on Friday, February 24th. Credit Suisse Group AG restated an “underperform” rating and issued a $75.00 price objective (up from $71.00) on shares of C.H. Robinson Worldwide in a research note on Monday, March 6th. Zacks Investment Research cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Cowen and Company boosted their price objective on C.H. Robinson Worldwide from $67.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. Finally, Vertical Research began coverage on C.H. Robinson Worldwide in a research note on Thursday, April 13th. They issued a “sell” rating and a $71.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $75.10.

In other news, insider Chris Obrien sold 2,650 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $75.64, for a total value of $200,446.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Wiehoff sold 24,306 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $75.33, for a total value of $1,830,970.98. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

5 Day Chart for NASDAQ:CHRW

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