Guardian Wealth Advisors LLC Cuts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Guardian Wealth Advisors LLC lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,696 shares of the transportation company’s stock after selling 1,480 shares during the period. C.H. Robinson Worldwide makes up about 1.1% of Guardian Wealth Advisors LLC’s portfolio, making the stock its 15th biggest holding. Guardian Wealth Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $1,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC grew its stake in shares of C.H. Robinson Worldwide by 54.1% during the third quarter. Pathstone Holdings LLC now owns 23,736 shares of the transportation company’s stock worth $2,622,000 after acquiring an additional 8,334 shares during the last quarter. Zevin Asset Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $227,000. LMR Partners LLP acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $608,000. Quest Partners LLC purchased a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $425,000. Finally, Swiss National Bank lifted its holdings in C.H. Robinson Worldwide by 1.6% in the third quarter. Swiss National Bank now owns 347,600 shares of the transportation company’s stock valued at $38,365,000 after acquiring an additional 5,500 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 0.2 %

CHRW stock opened at $109.99 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $106.92 and its 200 day moving average price is $96.33. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $113.10. The company has a market cap of $13.00 billion, a P/E ratio of 38.06, a P/E/G ratio of 1.27 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 EPS. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several analyst reports. Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Evercore ISI upped their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, TD Cowen boosted their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus target price of $107.63.

About C.H. Robinson Worldwide

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