Calamos Advisors LLC Trims Position in C.H. Robinson Worldwide, Inc. $CHRW

Calamos Advisors LLC decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 69.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,278 shares of the transportation company’s stock after selling 12,095 shares during the quarter. Calamos Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after purchasing an additional 364,163 shares during the period. State Street Corp lifted its stake in shares of C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after purchasing an additional 397,177 shares during the period. Wellington Management Group LLP lifted its stake in shares of C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares during the period. Boston Partners boosted its holdings in shares of C.H. Robinson Worldwide by 6.1% in 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 during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 0.5% in 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 during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 4.2%

C.H. Robinson Worldwide stock opened at $205.75 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $96.27 and a 12-month high of $208.70. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 41.65, a P/E/G ratio of 1.70 and a beta of 0.91. The firm has a 50 day moving average of $182.97 and a 200 day moving average of $179.14. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share 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 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 company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.2%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays upped their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Susquehanna lifted their price target on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday. Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Raymond James Financial reduced their price objective on C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research note on Thursday, July 2nd. Finally, Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.62.

Key Headlines Impacting C.H. Robinson Worldwide

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Truist Financial raised its price target on C.H. Robinson Worldwide to $215 from $210 and reiterated a buy rating, signaling continued confidence in the company’s outlook. Truist price target raise report
• Positive Sentiment: Stifel Nicolaus also lifted its price target to $215 from $207 and kept a buy rating, adding to the bullish analyst momentum. Stifel price target raise report
• Positive Sentiment: Citizens JMP initiated coverage with a market perform rating and a $235 target, which is above the current trading level and may still support investor sentiment. Citizens JMP coverage initiation
• Neutral Sentiment: A Zacks comparison article weighing ZTO Express against CHRW highlights valuation considerations, but it does not appear to include a major new catalyst for the stock. Zacks comparison article
• Neutral Sentiment: Susquehanna issued a positive forecast for C.H. Robinson Worldwide, reinforcing expectations that analysts see room for further upside. Susquehanna forecast report

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.