Oppenheimer Asset Management Inc. Lowers Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Oppenheimer Asset Management Inc. reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,353 shares of the transportation company’s stock after selling 9,687 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.09% of C.H. Robinson Worldwide worth $7,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vision Capital Management Inc. grew its position in shares of C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after buying an additional 129 shares in the last quarter. Empirical Finance LLC increased its position in C.H. Robinson Worldwide by 3.4% during the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock valued at $325,000 after purchasing an additional 140 shares during the period. Alliance Wealth Advisors LLC UT raised its holdings in shares of C.H. Robinson Worldwide by 2.9% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock valued at $503,000 after purchasing an additional 165 shares in the last quarter. Kentucky Retirement Systems raised its holdings in shares of C.H. Robinson Worldwide by 2.0% in the 4th quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock valued at $806,000 after purchasing an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of C.H. Robinson Worldwide by 13.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock worth $130,000 after purchasing an additional 184 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHRW shares. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $76.00 to $87.00 in a research note on Tuesday. Bank of America reduced their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $82.00 to $99.00 in a research report on Tuesday, June 25th. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price for the company in a report on Tuesday. Finally, Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $87.06.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded up $0.39 during midday trading on Friday, hitting $86.76. The company’s stock had a trading volume of 1,702,360 shares, compared to its average volume of 1,417,084. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $100.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $10.16 billion, a P/E ratio of 34.29, a P/E/G ratio of 2.54 and a beta of 0.80. The firm’s 50 day moving average is $85.44 and its 200-day moving average is $79.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.61 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.81%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 96.44%.

C.H. Robinson Worldwide 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.