Meeder Asset Management Inc. Decreases Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Meeder Asset Management Inc. lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 93.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 878 shares of the transportation company’s stock after selling 11,698 shares during the period. Meeder Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $25,000. Millstone Evans Group LLC boosted its holdings in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares during the last quarter. DV Equities LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at about $27,000. CYBER HORNET ETFs LLC bought a new position in C.H. Robinson Worldwide during the second quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC increased its holdings in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after buying an additional 67 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $209.42 on Wednesday. The company has a market cap of $24.68 billion, a PE ratio of 42.39, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 52 week low of $96.89 and a 52 week high of $210.27. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The firm’s 50-day simple moving average is $185.27 and its two-hundred day simple moving average is $180.11.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.2%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Stifel Nicolaus upped their price objective on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Finally, BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.62.

View Our Latest Stock Report on C.H. Robinson Worldwide

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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