Sequoia Financial Advisors LLC Has $8.55 Million Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Sequoia Financial Advisors LLC increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 111.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 45,424 shares of the transportation company’s stock after purchasing an additional 23,990 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $8,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of Jackson Hole Trust acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $25,000. Millstone Evans Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Continuum Advisory LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $27,000. DV Equities LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter worth $27,000. Finally, NBH Bank acquired a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $29,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 1.3%

Shares of CHRW opened at $152.42 on Friday. The stock has a fifty day moving average of $165.33 and a 200-day moving average of $173.09. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week high of $210.33. The stock has a market capitalization of $17.81 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.27 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is 48.09%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several recent research reports. Stephens reduced their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Evercore reissued an “outperform” rating and set a $237.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Stifel Nicolaus increased their price target on shares of C.H. Robinson Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday, July 31st. Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein dropped their price target on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating for the company in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $196.56.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.