C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Lowered by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 54.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,733 shares of the transportation company’s stock after selling 20,351 shares during the period. Intech Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $2,215,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in shares of C.H. Robinson Worldwide by 2.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 69 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of C.H. Robinson Worldwide by 16.7% during the third quarter. UMB Bank n.a. now owns 656 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 94 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of C.H. Robinson Worldwide by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock valued at $3,098,000 after purchasing an additional 100 shares during the period. Empirical Asset Management LLC increased its stake in C.H. Robinson Worldwide by 1.8% in the 3rd quarter. Empirical Asset Management LLC now owns 5,760 shares of the transportation company’s stock worth $763,000 after purchasing an additional 102 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in C.H. Robinson Worldwide by 26.3% during the 2nd quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock worth $51,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity

In other news, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the transaction, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 2,849 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $194.20, for a total transaction of $553,275.80. Following the completion of the sale, the insider directly owned 28,149 shares of the company’s stock, valued at approximately $5,466,535.80. The trade was a 9.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have purchased 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. Insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $193.32 on Wednesday. The firm has a market cap of $22.93 billion, a price-to-earnings ratio of 40.02, a P/E/G ratio of 1.97 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $203.34. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $179.13 and a 200 day simple moving average of $154.23.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $0.63 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.17%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CHRW shares. Morgan Stanley lifted their target price on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Thursday, January 29th. Citigroup lifted their price objective on shares of C.H. Robinson Worldwide from $177.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Robert W. Baird set a $203.00 target price on C.H. Robinson Worldwide in a report on Thursday, January 29th. Sanford C. Bernstein lifted their price target on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Finally, Loop Capital set a $206.00 price objective on C.H. Robinson Worldwide in a research note on Monday, February 2nd. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.29.

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.