OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in C.H. Robinson Worldwide, Inc. $CHRW

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 74.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,170 shares of the transportation company’s stock after selling 53,630 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in C.H. Robinson Worldwide were worth $2,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CHRW. Vestcor Inc lifted its stake in C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock worth $1,029,000 after purchasing an additional 51 shares during the last quarter. Horizon Investments LLC increased its position in shares of C.H. Robinson Worldwide by 3.1% during the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 58 shares during the last quarter. Signaturefd LLC increased its position in shares of C.H. Robinson Worldwide by 3.6% during the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 59 shares during the last quarter. Brendel Financial Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 2.2% during the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after buying an additional 61 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its stake in C.H. Robinson Worldwide by 1.7% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 4,108 shares of the transportation company’s stock worth $663,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Wells Fargo & Company increased their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 target price on the stock. in a research report on Monday. Finally, Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.65.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $185.04 on Friday. The company has a market capitalization of $21.81 billion, a P/E ratio of 37.46, a PEG ratio of 1.60 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. The stock has a 50 day moving average price of $178.28 and a two-hundred day moving average price of $175.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the business earned $1.17 earnings per share. The business’s revenue was down .9% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared 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 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 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.