Cognios Beta Neutral Large Cap Fund LP Increases Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cognios Beta Neutral Large Cap Fund LP increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,836 shares of the transportation company’s stock after buying an additional 194 shares during the quarter. Cognios Beta Neutral Large Cap Fund LP’s holdings in C.H. Robinson Worldwide were worth $504,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at $31,000. Pacific Center for Financial Services purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $34,000. Avior Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 71.4% during the 3rd quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock worth $37,000 after acquiring an additional 177 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $140,000. Finally, Impact Partnership Wealth LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $165,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 0.8 %

C.H. Robinson Worldwide stock traded up $0.59 during trading on Wednesday, hitting $70.94. The company had a trading volume of 1,135,980 shares, compared to its average volume of 1,576,702. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.64 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $106.14. The company’s 50 day simple moving average is $72.69 and its 200-day simple moving average is $79.67.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.35 billion. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is presently 90.04%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent analyst reports. BMO Capital Markets lowered their target price on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, February 1st. Barclays restated an “underweight” rating and set a $65.00 price target (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research report on Monday, April 1st. Susquehanna upped their price target on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. BNP Paribas restated a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $81.21.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.