C.H. Robinson Worldwide, Inc. $CHRW Position Reduced by Novare Capital Management LLC

Novare Capital Management LLC lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 82,309 shares of the transportation company’s stock after selling 6,164 shares during the period. C.H. Robinson Worldwide accounts for approximately 1.1% of Novare Capital Management LLC’s holdings, making the stock its 26th biggest holding. Novare Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $13,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Mairs & Power Inc. grew its position in shares of C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after acquiring an additional 6,188 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $937,000. Jones Kertz & Associates Inc. bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $1,557,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $3,699,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 4.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 295,248 shares of the transportation company’s stock worth $39,091,000 after purchasing an additional 12,838 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.1%

Shares of NASDAQ:CHRW opened at $187.07 on Tuesday. The stock has a market capitalization of $22.05 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 1.60 and a beta of 0.91. 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 50 day moving average price of $178.61 and a 200 day moving average price of $175.43. 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 announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CHRW shares. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. JPMorgan Chase & Co. raised their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Barclays increased their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Bank of America lowered their target price on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.65.

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.