Isthmus Partners LLC Reduces Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Isthmus Partners LLC lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 41.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,055 shares of the transportation company’s stock after selling 52,507 shares during the period. Isthmus Partners LLC’s holdings in C.H. Robinson Worldwide were worth $12,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mairs & Power Inc. lifted its holdings in 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 buying an additional 6,188 shares during the period. Jones Kertz & Associates Inc. purchased 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 bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $3,699,000. New York State Teachers Retirement System raised its holdings in shares of C.H. Robinson Worldwide by 6.0% during the fourth quarter. New York State Teachers Retirement System now owns 104,269 shares of the transportation company’s stock valued at $16,762,000 after acquiring an additional 5,877 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in C.H. Robinson Worldwide in the fourth quarter worth $965,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $189.95 on Thursday. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 1.65 and a beta of 0.91. The business’s fifty day moving average is $180.53 and its 200 day moving average is $177.77. C.H. Robinson Worldwide, Inc. has a twelve month low of $96.27 and a twelve 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

Analyst Ratings Changes

Several research firms recently weighed in on CHRW. JPMorgan Chase & Co. lifted 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 report on Thursday, April 30th. UBS Group upped their price objective on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Finally, Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.35.

About C.H. Robinson Worldwide

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.