Palisade Asset Management LLC Decreases Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Palisade Asset Management LLC reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 44,120 shares of the transportation company’s stock after selling 2,024 shares during the period. Palisade Asset Management LLC’s holdings in C.H. Robinson Worldwide were worth $3,812,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CHRW. Larson Financial Group LLC acquired a new position in C.H. Robinson Worldwide in the third quarter valued at $31,000. Pacific Center for Financial Services purchased a new position in C.H. Robinson Worldwide during the third quarter worth about $34,000. Headlands Technologies LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $140,000. Naples Money Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $181,000. Finally, GAMMA Investing LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $192,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CHRW. Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Barclays increased their price target on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. BNP Paribas reissued a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $82.60.

C.H. Robinson Worldwide Trading Up 1.8 %

Shares of NASDAQ:CHRW traded up $1.44 during trading on Wednesday, reaching $80.97. The stock had a trading volume of 1,173,911 shares, compared to its average volume of 1,672,370. The firm’s fifty day moving average is $73.06 and its 200 day moving average is $78.99. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $102.63. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.40 and a current ratio of 1.37. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 3.98 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.