Savant Capital LLC Sells 14,810 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Savant Capital LLC lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,833 shares of the transportation company’s stock after selling 14,810 shares during the quarter. Savant Capital LLC’s holdings in C.H. Robinson Worldwide were worth $19,425,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Raymond James Financial set a $210.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, April 30th. Barclays lifted their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Loop Capital set a $206.00 price objective on C.H. Robinson Worldwide in a report on Monday, February 2nd. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Morgan Stanley lifted their price objective on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Thursday, January 29th. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.61.

C.H. Robinson Worldwide Stock Down 0.6%

Shares of NASDAQ CHRW opened at $175.41 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The stock has a market cap of $20.68 billion, a PE ratio of 35.51, a PEG ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The business has a fifty day moving average of $172.63 and a two-hundred day moving average of $171.68.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 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.