Ngam Advisors L.P. decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.6% during the first quarter, Holdings Channel reports. The institutional investor owned 31,088 shares of the transportation company’s stock after selling 6,194 shares during the period. Ngam Advisors L.P.’s holdings in C.H. Robinson Worldwide were worth $2,402,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $135,326,000. Luminus Management LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $71,749,000. Capital Guardian Trust Co. boosted its position in shares of C.H. Robinson Worldwide by 729.7% in the fourth quarter. Capital Guardian Trust Co. now owns 855,842 shares of the transportation company’s stock valued at $62,699,000 after buying an additional 752,694 shares in the last quarter. FMR LLC boosted its position in shares of C.H. Robinson Worldwide by 10.2% in the first quarter. FMR LLC now owns 5,091,485 shares of the transportation company’s stock valued at $393,521,000 after buying an additional 472,798 shares in the last quarter. Finally, AXA boosted its position in shares of C.H. Robinson Worldwide by 215.9% in the first quarter. AXA now owns 631,100 shares of the transportation company’s stock valued at $48,778,000 after buying an additional 431,300 shares in the last quarter. Institutional investors own 87.74% of the company’s stock.

Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

Shares of C.H. Robinson Worldwide, Inc. (CHRW) traded down 2.019% during midday trading on Tuesday, reaching $68.685. 318,373 shares of the company’s stock were exchanged. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 18.969 and a beta of 0.44. The stock’s 50 day moving average price is $69.11 and its 200 day moving average price is $74.42. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.57 and a 12-month high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, April 25th. The transportation company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.33 billion. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 40.46%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, May 31st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 49.72%.

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Several equities analysts recently issued reports on CHRW shares. Credit Suisse Group reiterated an “underperform” rating and set a $75.00 price target (up previously from $71.00) on shares of C.H. Robinson Worldwide in a research report on Monday, March 6th. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price target on the stock in a research report on Friday, May 5th. Deutsche Bank AG reduced their price target on shares of C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Finally, Barclays PLC reiterated a “hold” rating and set a $73.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. C.H. Robinson Worldwide has a consensus rating of “Hold” and an average target price of $75.53.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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