Intech Investment Management LLC Sells 4,228 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Intech Investment Management LLC lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 25.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,505 shares of the transportation company’s stock after selling 4,228 shares during the period. Intech Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $2,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in C.H. Robinson Worldwide by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after acquiring an additional 364,163 shares during the period. State Street Corp increased its holdings in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after buying an additional 397,177 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after buying an additional 4,751,034 shares in the last quarter. Boston Partners increased its holdings in shares of C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after buying an additional 213,245 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock worth $514,889,000 after buying an additional 16,961 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CHRW shares. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Barclays raised their price objective on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. UBS Group raised their price objective on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Bank of America dropped their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Seventeen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Trading Up 1.2%

Shares of NASDAQ CHRW opened at $180.74 on Thursday. C.H. Robinson Worldwide, Inc. has a 1-year low of $92.36 and a 1-year high of $203.34. The company has a market cap of $21.30 billion, a PE ratio of 36.59, a P/E/G ratio of 1.54 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $173.36 and a two-hundred day moving average of $172.46.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The company’s revenue was down .9% on a year-over-year basis. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

C.H. Robinson Worldwide 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.