Clarkston Capital Partners LLC Sells 768,998 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Clarkston Capital Partners LLC lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 86.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,533 shares of the transportation company’s stock after selling 768,998 shares during the quarter. C.H. Robinson Worldwide accounts for 1.5% of Clarkston Capital Partners LLC’s holdings, making the stock its 26th biggest position. Clarkston Capital Partners LLC’s holdings in C.H. Robinson Worldwide were worth $19,187,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC boosted its holdings in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. DV Equities LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new position in C.H. Robinson Worldwide in the second quarter valued at $30,000. Finally, Cornerstone Planning Group LLC increased its stake in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after buying an additional 67 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. UBS Group upped their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.46.

C.H. Robinson Worldwide Trading Down 0.9%

Shares of NASDAQ:CHRW opened at $205.51 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $96.89 and a 52-week high of $210.33. 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 company has a market capitalization of $24.22 billion, a P/E ratio of 41.60, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91. The company has a 50-day simple moving average of $187.07 and a 200 day simple moving average of $180.73.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.2%. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

About C.H. Robinson Worldwide

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.