NFJ Investment Group LLC Sells 28,608 Shares of C.H. Robinson Worldwide, Inc. $CHRW

NFJ Investment Group LLC decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,842 shares of the transportation company’s stock after selling 28,608 shares during the quarter. C.H. Robinson Worldwide comprises about 1.1% of NFJ Investment Group LLC’s investment portfolio, making the stock its 26th biggest holding. NFJ Investment Group LLC owned about 0.15% of C.H. Robinson Worldwide worth $29,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CHRW. Wellington Management Group LLP raised its stake in 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 buying an additional 4,751,034 shares during the last quarter. Norges Bank purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $236,665,000. Capital World Investors purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $165,976,000. Pinebridge Investments LLC purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $103,751,000. Finally, Westfield Capital Management Co. LP purchased a new position in C.H. Robinson Worldwide during the third quarter valued at $72,929,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CHRW shares. Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. UBS Group lifted their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Bank of America lowered their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 27th. JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Susquehanna lowered their price objective on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Stock Up 1.4%

CHRW stock opened at $193.74 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $92.36 and a 1-year high of $203.34. The business has a fifty day moving average price of $176.44 and a 200-day moving average price of $174.12. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $22.84 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.67 and a beta of 0.91.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is currently 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.