Yousif Capital Management LLC Decreases Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Yousif Capital Management LLC reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,954 shares of the transportation company’s stock after selling 7,359 shares during the quarter. Yousif Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $12,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CHRW. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $27,000. Clearstead Advisors LLC boosted its stake in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Park Place Capital Corp bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at about $39,000. Arlington Trust Co LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at about $34,000. Finally, Measured Wealth Private Client Group LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at about $34,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $201.30, for a total value of $1,281,878.40. Following the sale, the insider owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto bought 594 shares of the stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $168.24 per share, for a total transaction of $99,934.56. Following the acquisition, the insider directly owned 35,488 shares in the company, valued at approximately $5,970,501.12. The trade was a 1.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 19,026 shares worth $3,770,665. Corporate insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CHRW shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $149.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Benchmark increased their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. BMO Capital Markets reissued a “market perform” rating and issued a $180.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their price objective on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Fifteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.83.

C.H. Robinson Worldwide Stock Up 3.8%

CHRW opened at $172.42 on Thursday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $203.34. The business has a 50-day moving average of $179.52 and a 200-day moving average of $161.86. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $20.32 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the business earned $1.21 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.17%.

C.H. Robinson Worldwide Company Profile

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.