ProShare Advisors LLC Sells 375,109 Shares of C.H. Robinson Worldwide, Inc. $CHRW

ProShare Advisors LLC reduced its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,268,215 shares of the transportation company’s stock after selling 375,109 shares during the period. ProShare Advisors LLC owned approximately 1.07% of C.H. Robinson Worldwide worth $203,878,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Mairs & Power Inc. grew its holdings in shares of C.H. Robinson Worldwide by 0.7% during the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after purchasing an additional 6,188 shares in the last quarter. Transcend Capital Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $460,000. Raiffeisen Bank International AG acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $937,000. Jones Kertz & Associates Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $1,557,000. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of C.H. Robinson Worldwide by 8,726.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock worth $2,341,000 after purchasing an additional 17,452 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $169.72 on Tuesday. The stock’s fifty day simple moving average is $172.36 and its 200 day simple moving average is $170.16. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $20.00 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 1.63 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 EPS. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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 paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CHRW. Benchmark lifted their price objective on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. UBS Group set a $160.00 price objective on C.H. Robinson Worldwide in a report on Thursday, January 29th. Loop Capital set a $206.00 price objective on C.H. Robinson Worldwide in a report on Monday, February 2nd. Finally, Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a report on Friday, May 1st. Seventeen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.27.

C.H. Robinson Worldwide Company Profile

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.