OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 53,630 Shares of C.H. Robinson Worldwide, Inc. $CHRW

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 74.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,170 shares of the transportation company’s stock after selling 53,630 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in C.H. Robinson Worldwide were worth $2,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CHRW. Bank of Jackson Hole Trust purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $27,000. DV Equities LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the 2nd quarter valued at approximately $30,000. Finally, Clearstead Advisors LLC raised its holdings in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Raymond James Financial set a $210.00 price target on C.H. Robinson Worldwide in a research report on Thursday, April 30th. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, Barclays increased their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.65.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $185.04 on Friday. The stock has a market cap of $21.81 billion, a P/E ratio of 37.46, a PEG ratio of 1.60 and a beta of 0.91. 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’s 50-day moving average price is $178.28 and its two-hundred day moving average price is $175.14. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders 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 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is presently 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.