Alliance Wealth Advisors LLC UT Reduces Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Alliance Wealth Advisors LLC UT lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 6.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,653 shares of the transportation company’s stock after selling 388 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in C.H. Robinson Worldwide were worth $487,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CHRW. Penserra Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth $30,000. West Tower Group LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $31,000. Larson Financial Group LLC acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $31,000. Avior Wealth Management LLC grew its holdings in C.H. Robinson Worldwide by 71.4% during the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 177 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of C.H. Robinson Worldwide by 169.9% in the first quarter. Parkside Financial Bank & Trust now owns 467 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 294 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. TheStreet lowered C.H. Robinson Worldwide from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th. Morgan Stanley decreased their target price on C.H. Robinson Worldwide from $62.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 2nd. BMO Capital Markets decreased their target price on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. decreased their price objective on C.H. Robinson Worldwide from $78.00 to $75.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $85.00.

Read Our Latest Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $75.76 on Tuesday. The business has a 50 day simple moving average of $84.28 and a 200 day simple moving average of $86.36. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.70 and a beta of 0.76. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.40. C.H. Robinson Worldwide, Inc. has a 52-week low of $71.57 and a 52-week high of $106.36.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 90.04%.

About C.H. Robinson Worldwide

(Free Report)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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.

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

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