United Asset Strategies Inc. Grows Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

United Asset Strategies Inc. raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 10,580 shares of the transportation company’s stock after purchasing an additional 519 shares during the quarter. United Asset Strategies Inc.’s holdings in C.H. Robinson Worldwide were worth $914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CHRW. First Republic Investment Management Inc. raised its holdings in shares of C.H. Robinson Worldwide by 0.8% in the first quarter. First Republic Investment Management Inc. now owns 15,472 shares of the transportation company’s stock valued at $1,666,000 after acquiring an additional 116 shares in the last quarter. Vision Capital Management Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after purchasing an additional 129 shares during the period. Captrust Financial Advisors lifted its holdings in C.H. Robinson Worldwide by 0.6% in the second quarter. Captrust Financial Advisors now owns 22,095 shares of the transportation company’s stock valued at $2,085,000 after acquiring an additional 141 shares during the period. Cascade Investment Advisors Inc. lifted its holdings in C.H. Robinson Worldwide by 1.1% in the third quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock valued at $1,177,000 after acquiring an additional 145 shares during the period. Finally, SkyView Investment Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 3.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock worth $393,000 after buying an additional 149 shares during the period. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 1.6 %

CHRW opened at $67.89 on Wednesday. The business has a 50 day simple moving average of $73.18 and a 200-day simple moving average of $80.26. The stock has a market capitalization of $7.94 billion, a P/E ratio of 25.05, a P/E/G ratio of 3.48 and a beta of 0.72. C.H. Robinson Worldwide, Inc. has a 12 month low of $67.35 and a 12 month high of $106.14. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.31 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders 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 3.59%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is currently 90.04%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. StockNews.com lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Bank of America dropped their price objective on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a report on Monday. Finally, Susquehanna raised their price target on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus 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.