Kestra Advisory Services LLC Trims Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Kestra Advisory Services LLC trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 29.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,708 shares of the transportation company’s stock after selling 2,814 shares during the quarter. Kestra Advisory Services LLC’s holdings in C.H. Robinson Worldwide were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Bank of Jackson Hole Trust purchased a new stake in C.H. Robinson Worldwide in the fourth quarter worth about $25,000. DV Equities LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $27,000. Bayban bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $32,000. Western Pacific Wealth Management LP purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $36,000. Finally, Hantz Financial Services Inc. increased its position in C.H. Robinson Worldwide by 56.2% during the 4th quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock valued at $37,000 after buying an additional 82 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CHRW shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial dropped their target price on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research note on Thursday, July 2nd. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.46.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $207.35 on Thursday. C.H. Robinson Worldwide, Inc. has a one year low of $96.89 and a one year high of $210.33. The stock has a 50-day moving average of $186.16 and a 200 day moving average of $180.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market capitalization of $24.44 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 1.80 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.11 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a $0.63 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.2%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.