C.H. Robinson Worldwide, Inc. $CHRW is Clarkston Capital Partners LLC’s 6th Largest Position

Clarkston Capital Partners LLC lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 884,531 shares of the transportation company’s stock after selling 199,057 shares during the period. C.H. Robinson Worldwide accounts for 3.3% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Clarkston Capital Partners LLC owned approximately 0.75% of C.H. Robinson Worldwide worth $142,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $30,000. Clearstead Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $193.74 on Friday. 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 $22.84 billion, a PE ratio of 39.22, a P/E/G ratio of 1.65 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34. The company has a 50-day moving average price of $176.44 and a two-hundred day moving average price of $174.12.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research analyst reports. 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. Raymond James Financial set a $210.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, April 30th. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price for the company in a research report on Friday, May 15th. Finally, Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Seventeen investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.65.

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.