Savant Capital LLC Sells 149 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Savant Capital LLC reduced its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 157,412 shares of the transportation company’s stock after selling 149 shares during the quarter. Savant Capital LLC’s holdings in C.H. Robinson Worldwide were worth $13,599,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $2,960,000. GSA Capital Partners LLP grew its position in shares of C.H. Robinson Worldwide by 8.8% in the 3rd quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock worth $796,000 after buying an additional 746 shares during the last quarter. abrdn plc grew its position in shares of C.H. Robinson Worldwide by 9.5% in the 3rd quarter. abrdn plc now owns 394,466 shares of the transportation company’s stock worth $33,975,000 after buying an additional 34,300 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of C.H. Robinson Worldwide by 28.3% during the third quarter. Nordea Investment Management AB now owns 309,074 shares of the transportation company’s stock valued at $26,979,000 after purchasing an additional 68,256 shares in the last quarter. Finally, Weybosset Research & Management LLC boosted its position in shares of C.H. Robinson Worldwide by 31.7% during the third quarter. Weybosset Research & Management LLC now owns 60,102 shares of the transportation company’s stock valued at $5,177,000 after purchasing an additional 14,480 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 1.0 %

CHRW stock opened at $71.00 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $106.14. The business has a fifty day moving average price of $72.57 and a 200-day moving average price of $79.31. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $8.31 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.68 and a beta of 0.72.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is currently 90.04%.

Analyst Ratings Changes

Several research firms recently weighed in on CHRW. StockNews.com lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Barclays restated an “underweight” rating and set a $65.00 price target (down from $80.00) on shares of C.H. Robinson Worldwide in a research report on Monday, April 1st. Susquehanna lifted their price target on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. dropped their price target on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 9th. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $81.21.

C.H. Robinson Worldwide 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.