Sterling Capital Management LLC Sells 3,005 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Sterling Capital Management LLC lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 43.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,959 shares of the transportation company’s stock after selling 3,005 shares during the quarter. Sterling Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $657,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $25,000. Vermillion & White Wealth Management Group LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth $27,000. DV Equities LLC acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at about $30,000. Finally, Bayban acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $32,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Stifel Nicolaus increased their target price on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial set a $210.00 price objective on C.H. Robinson Worldwide in a report on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Trading Up 1.6%

Shares of C.H. Robinson Worldwide stock opened at $191.27 on Thursday. The firm’s 50 day moving average is $179.97 and its 200 day moving average is $176.71. The firm has a market capitalization of $22.54 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 1.63 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 1 year low of $96.27 and a 1 year high of $203.34. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued 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. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.3%. 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.