Clarkston Capital Partners LLC Has $142.20 Million Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Clarkston Capital Partners LLC reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 18.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 884,531 shares of the transportation company’s stock after selling 199,057 shares during the quarter. C.H. Robinson Worldwide makes up about 3.3% of Clarkston Capital Partners LLC’s holdings, making the stock its 6th biggest holding. Clarkston Capital Partners LLC’s holdings in C.H. Robinson Worldwide were worth $142,197,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CHRW. Vestcor Inc raised its stake in C.H. Robinson Worldwide by 0.8% in the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after purchasing an additional 51 shares in the last quarter. Horizon Investments LLC raised its stake in C.H. Robinson Worldwide by 3.1% in the fourth quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 58 shares in the last quarter. Signaturefd LLC raised its stake in C.H. Robinson Worldwide by 3.6% in the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 59 shares in the last quarter. Brendel Financial Advisors LLC raised its stake in C.H. Robinson Worldwide by 2.2% in the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 61 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in C.H. Robinson Worldwide by 2.8% in the third quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after purchasing an additional 69 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group raised their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Citigroup raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price on the stock in a research note on Friday, May 15th. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Seventeen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Trading Up 1.4%

CHRW stock opened at $193.74 on Friday. The company has a market capitalization of $22.84 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The company’s 50 day moving average price is $176.44 and its two-hundred day moving average price is $174.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. As a group, analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

About C.H. Robinson Worldwide

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.