Bank of New York Mellon Corp Sells 446,717 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Bank of New York Mellon Corp lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 23.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,490,697 shares of the transportation company’s stock after selling 446,717 shares during the quarter. Bank of New York Mellon Corp’s holdings in C.H. Robinson Worldwide were worth $239,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $27,000. Western Pacific Wealth Management LP bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $36,000. Hantz Financial Services Inc. increased its stake in shares of C.H. Robinson Worldwide by 56.2% during the fourth quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock worth $37,000 after purchasing an additional 82 shares during the period. Clearstead Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 110.3% during the third 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 period. Finally, Park Place Capital Corp bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $39,000. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a research note on Friday, May 1st. Barclays raised their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group raised their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price objective on the stock in a research note on Friday, May 15th. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Trading Up 2.2%

Shares of CHRW stock opened at $184.78 on Friday. The stock’s fifty day moving average price is $173.67 and its two-hundred day moving average price is $172.69. The company has a market cap of $21.78 billion, a PE ratio of 37.41, a P/E/G ratio of 1.56 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. 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 issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. Equities 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 announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

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.