Novare Capital Management LLC Sells 5,711 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Novare Capital Management LLC trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,473 shares of the transportation company’s stock after selling 5,711 shares during the quarter. Novare Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $14,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHRW. Vanguard Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after acquiring an additional 364,163 shares during the last quarter. State Street Corp boosted its position in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares during the last quarter. Boston Partners boosted its position in shares of C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after acquiring an additional 213,245 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of C.H. Robinson Worldwide by 5.1% during the third quarter. First Trust Advisors LP now owns 1,550,029 shares of the transportation company’s stock worth $205,224,000 after acquiring an additional 75,312 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of a number of research reports. Raymond James Financial set a $210.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, April 30th. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price for the company in a research report on Friday. TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus increased their target price 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. Seventeen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.27.

Get Our Latest Research Report on CHRW

C.H. Robinson Worldwide Stock Up 2.4%

NASDAQ CHRW opened at $163.59 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market capitalization of $19.28 billion, a P/E ratio of 33.12, a P/E/G ratio of 1.59 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The stock has a 50 day moving average price of $172.66 and a 200-day moving average price of $169.58.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its 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 firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.17 EPS. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

C.H. Robinson Worldwide Profile

(Free Report)

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.

Further Reading

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

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