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

Intech Investment Management LLC lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 large investors have also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $27,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Clearstead Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after buying an additional 128 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $34,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter worth $34,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CHRW shares. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st. 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. Jefferies Financial Group upgraded 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. Finally, Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Trading Up 1.2%

Shares of CHRW opened at $180.74 on Thursday. C.H. Robinson Worldwide, Inc. has a 12-month low of $92.36 and a 12-month high of $203.34. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $21.30 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 1.54 and a beta of 0.91. The stock’s 50-day moving average price is $173.36 and its 200 day moving average price is $172.46.

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 (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. The firm 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%.The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

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.