Boston Partners Cuts Stake in C.H. Robinson Worldwide, Inc. $CHRW

Boston Partners decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,274,859 shares of the transportation company’s stock after selling 456,504 shares during the quarter. Boston Partners’ holdings in C.H. Robinson Worldwide were worth $528,323,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CHRW. Bank of Jackson Hole Trust bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth approximately $27,000. Western Pacific Wealth Management LP purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth approximately $36,000. Hantz Financial Services Inc. grew its holdings in C.H. Robinson Worldwide by 56.2% during the fourth quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 82 shares during the period. Finally, Clearstead Advisors LLC grew its holdings 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 purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

CHRW has been the subject of a number of analyst reports. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Raymond James Financial set a $210.00 target price on C.H. Robinson Worldwide in a research note on Thursday, April 30th. Finally, Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 target price on the stock in a research note on Friday, May 15th. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $193.74 on Friday. 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 firm’s 50 day moving average price is $176.44 and its 200-day moving average price is $174.12. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The company has a market cap of $22.84 billion, a PE ratio of 39.22, a P/E/G ratio of 1.65 and a beta of 0.91.

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 analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.17 earnings per share. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

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.