C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.7% in the fourth quarter, HoldingsChannel reports. The fund owned 127,562 shares of the transportation company’s stock after selling 7,710 shares during the quarter. C.H. Robinson Worldwide accounts for about 2.3% of Isthmus Partners LLC’s portfolio, making the stock its 4th largest position. Isthmus Partners LLC’s holdings in C.H. Robinson Worldwide were worth $20,507,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CHRW. Wellington Management Group LLP raised its position in shares of C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $72,929,000. Raymond James Financial Inc. raised its position in shares of C.H. Robinson Worldwide by 68.5% in the third quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock worth $139,194,000 after acquiring an additional 427,543 shares during the period. Earnest Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $54,313,000. Finally, State Street Corp raised its position in shares of C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHRW. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Raymond James Financial set a $210.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, April 30th. BMO Capital Markets restated a “market perform” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Morgan Stanley upped their price target on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Thursday, January 29th. Finally, Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.27.

C.H. Robinson Worldwide Stock Up 2.4%

Shares of NASDAQ CHRW opened at $163.59 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $92.36 and a 12-month high of $203.34. The stock has a market cap of $19.28 billion, a PE ratio of 33.12, a P/E/G ratio of 1.59 and a beta of 0.94. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $172.66 and a 200 day moving average of $169.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company earned $1.17 EPS. C.H. Robinson Worldwide’s revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 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.