UniSuper Management Pty Ltd Sells 33,118 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

UniSuper Management Pty Ltd decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 70.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,872 shares of the transportation company’s stock after selling 33,118 shares during the quarter. UniSuper Management Pty Ltd’s holdings in C.H. Robinson Worldwide were worth $1,056,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after buying an additional 177,119 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in C.H. Robinson Worldwide by 21.1% during the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after buying an additional 2,003,158 shares in the last quarter. Van ECK Associates Corp grew its holdings in C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after buying an additional 2,643,193 shares in the last quarter. ProShare Advisors LLC grew its holdings in C.H. Robinson Worldwide by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock valued at $152,426,000 after buying an additional 94,616 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock valued at $151,689,000 after buying an additional 68,491 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded down $0.42 on Wednesday, hitting $90.21. The company had a trading volume of 1,160,306 shares, compared to its average volume of 1,638,647. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $100.88. The company has a market capitalization of $10.56 billion, a PE ratio of 35.66, a PEG ratio of 2.63 and a beta of 0.80. The company’s fifty day moving average price is $86.57 and its 200-day moving average price is $79.95. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 3.65 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is 96.44%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays lifted their target price on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. BMO Capital Markets raised their price target on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and raised their target price for the company from $76.00 to $87.00 in a research report on Tuesday, July 9th. Finally, BNP Paribas reissued a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $88.78.

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.