Studio Investment Management LLC Has $659,000 Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Studio Investment Management LLC trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 62.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,487 shares of the transportation company’s stock after selling 5,812 shares during the quarter. Studio Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHRW. State Street Corp raised its stake in shares of C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares during the last quarter. Boston Partners grew its stake in shares of C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after purchasing an additional 213,245 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Finally, Geode Capital Management LLC raised its position in C.H. Robinson Worldwide by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock worth $514,889,000 after purchasing an additional 16,961 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $147.64 on Monday. The company has a 50 day moving average price of $168.41 and a two-hundred day moving average price of $174.06. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $17.25 billion, a PE ratio of 28.18, a PEG ratio of 1.25 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a $0.63 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CHRW. Citigroup reduced their price objective on C.H. Robinson Worldwide from $204.00 to $196.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Wall Street Zen downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Sanford C. Bernstein cut their price target on C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 11th. Stephens decreased their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Raymond James Financial set a $192.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $197.00.

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.