Contravisory Investment Management Inc. lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,513 shares of the transportation company’s stock after selling 413 shares during the quarter. Contravisory Investment Management Inc.’s holdings in C.H. Robinson Worldwide were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Brookstone Capital Management boosted its position in C.H. Robinson Worldwide by 2.1% during the 4th quarter. Brookstone Capital Management now owns 5,538 shares of the transportation company’s stock worth $520,000 after acquiring an additional 116 shares during the period. Prestige Wealth Management Group LLC grew its holdings in shares of C.H. Robinson Worldwide by 57.2% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 393 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 143 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of C.H. Robinson Worldwide by 1.4% in the 3rd quarter. Norinchukin Bank The now owns 11,322 shares of the transportation company’s stock valued at $1,157,000 after acquiring an additional 152 shares in the last quarter. Martin Capital Partners LLC grew its holdings in shares of C.H. Robinson Worldwide by 4.4% in the 4th quarter. Martin Capital Partners LLC now owns 3,621 shares of the transportation company’s stock valued at $340,000 after acquiring an additional 152 shares in the last quarter. Finally, ICW Investment Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 1.5% in the 3rd quarter. ICW Investment Advisors LLC now owns 11,918 shares of the transportation company’s stock valued at $1,218,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 92.95% of the company’s stock.

Shares of NASDAQ:CHRW opened at $95.71 on Thursday. C.H. Robinson Worldwide, Inc. has a 12-month low of $56.94 and a 12-month high of $106.75. The stock has a market cap of $13.01 billion, a PE ratio of 28.49, a P/E/G ratio of 2.59 and a beta of 0.64. The business has a 50 day moving average of $93.83 and a 200-day moving average of $94.19. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. C.H. Robinson Worldwide had a return on equity of 26.78% and a net margin of 2.96%. The company had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Monday, December 14th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, December 11th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.13%. C.H. Robinson Worldwide’s payout ratio is 48.69%.

Several equities analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $85.00 to $87.00 and gave the company a “market perform” rating in a report on Monday, November 2nd. Smith Barney Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $118.00 in a report on Monday, November 9th. Wells Fargo & Company reduced their price target on C.H. Robinson Worldwide from $92.00 to $78.00 and set an “underweight” rating for the company in a report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft lifted their price target on C.H. Robinson Worldwide from $90.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, November 30th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $118.00 in a report on Monday, November 9th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $90.89.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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

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