ProShare Advisors LLC Has $203.88 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

ProShare Advisors LLC lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,268,215 shares of the transportation company’s stock after selling 375,109 shares during the quarter. ProShare Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $203,878,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHRW. Goldman Sachs Group Inc. boosted its stake in C.H. Robinson Worldwide by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after purchasing an additional 24,788 shares in the last quarter. United Services Automobile Association acquired a new position in C.H. Robinson Worldwide in the first quarter worth $259,000. Empowered Funds LLC boosted its stake in C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after purchasing an additional 350 shares in the last quarter. Woodline Partners LP boosted its stake in C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CHRW shares. JPMorgan Chase & Co. boosted their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. TD Cowen boosted their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price objective on the stock in a research note on Friday. Susquehanna dropped their target price on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $200.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Seventeen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $192.27.

C.H. Robinson Worldwide Trading Up 3.7%

CHRW stock opened at $169.72 on Tuesday. The company has a market cap of $20.00 billion, a P/E ratio of 34.36, a PEG ratio of 1.63 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $172.36 and a 200-day moving average of $170.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

C.H. Robinson Worldwide 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.