OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 74.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,170 shares of the transportation company’s stock after selling 53,630 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in C.H. Robinson Worldwide were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at approximately $30,000. Clearstead Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. 93.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CHRW has been the topic of several research reports. Stifel Nicolaus upped their price target on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Bank of America dropped their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. TD Cowen upped their price target on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Finally, UBS Group increased their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Sixteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $195.65.
C.H. Robinson Worldwide Price Performance
Shares of CHRW opened at $190.25 on Tuesday. The firm has a market capitalization of $22.42 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The stock’s fifty day moving average is $176.89 and its 200-day moving average is $174.49.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.
C.H. Robinson Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. 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.
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