First Allied Advisory Services Inc. Lowers Stake in C.H. Robinson Worldwide Inc (CHRW)

First Allied Advisory Services Inc. reduced its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 84,244 shares of the transportation company’s stock after selling 3,141 shares during the period. First Allied Advisory Services Inc.’s holdings in C.H. Robinson Worldwide were worth $7,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. QS Investors LLC grew its stake in shares of C.H. Robinson Worldwide by 0.3% during the second quarter. QS Investors LLC now owns 5,793 shares of the transportation company’s stock worth $398,000 after purchasing an additional 17 shares during the period. Sentry Investment Management LLC grew its stake in shares of C.H. Robinson Worldwide by 0.6% during the second quarter. Sentry Investment Management LLC now owns 6,057 shares of the transportation company’s stock worth $416,000 after purchasing an additional 39 shares during the period. Advisory Services Network LLC grew its stake in shares of C.H. Robinson Worldwide by 1.8% during the second quarter. Advisory Services Network LLC now owns 3,484 shares of the transportation company’s stock worth $239,000 after purchasing an additional 60 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of C.H. Robinson Worldwide by 6.2% during the second quarter. Thrivent Financial For Lutherans now owns 5,746 shares of the transportation company’s stock worth $395,000 after purchasing an additional 336 shares during the period. Finally, Creative Planning grew its stake in shares of C.H. Robinson Worldwide by 4.9% during the fourth quarter. Creative Planning now owns 12,295 shares of the transportation company’s stock worth $1,095,000 after purchasing an additional 574 shares during the period. 93.56% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the company. Oppenheimer reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, November 1st. Cleveland Research raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $87.00 to $96.00 and gave the stock a “market perform” rating in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $82.53.

In other news, insider Chris Obrien sold 3,909 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $90.85, for a total value of $355,132.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Wiehoff sold 13,946 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $92.08, for a total value of $1,284,147.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,020 shares of company stock worth $2,157,637. Corporate insiders own 0.85% of the company’s stock.

C.H. Robinson Worldwide Inc (NASDAQ:CHRW) opened at $92.43 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.26. The firm has a market capitalization of $12,955.34, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.40 and a beta of 0.46. C.H. Robinson Worldwide Inc has a twelve month low of $63.41 and a twelve month high of $100.18.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.84 annualized dividend and a yield of 1.99%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.54%.

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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.

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

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