PGGM Investments Cuts Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

PGGM Investments cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,907 shares of the transportation company’s stock after selling 735 shares during the period. PGGM Investments’ holdings in C.H. Robinson Worldwide were worth $4,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in C.H. Robinson Worldwide in the third quarter worth $31,000. Pacific Center for Financial Services purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at about $34,000. Headlands Technologies LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at about $140,000. Naples Money Management LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $181,000. Finally, GAMMA Investing LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $192,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CHRW. JPMorgan Chase & Co. cut their price target on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. BNP Paribas restated a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Bank of America lowered their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research note on Monday, April 15th. Barclays reaffirmed an “underweight” rating and set a $65.00 price objective (down from $80.00) on shares of C.H. Robinson Worldwide in a research note on Monday, April 1st. Finally, Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus price target of $81.21.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $70.22 on Monday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $106.14. The firm has a 50-day moving average of $72.58 and a 200 day moving average of $79.40. The company has a market cap of $8.22 billion, a P/E ratio of 25.91, a PEG ratio of 3.61 and a beta of 0.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is 90.04%.

C.H. Robinson Worldwide Company Profile

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.