HighTower Advisors LLC Lowers Position in C.H. Robinson Worldwide, Inc. $CHRW

HighTower Advisors LLC lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 39.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,709 shares of the transportation company’s stock after selling 14,880 shares during the period. HighTower Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,651,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CHRW. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $27,000. Western Pacific Wealth Management LP purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $36,000. Clearstead Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Park Place Capital Corp purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $39,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHRW. TD Cowen increased their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Bank of America reduced 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. Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, Raymond James Financial set a $210.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.61.

C.H. Robinson Worldwide Stock Up 1.8%

Shares of CHRW opened at $178.65 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. The company has a market capitalization of $21.06 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The stock has a fifty day simple moving average of $172.79 and a two-hundred day simple moving average of $171.73. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current 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 issued a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

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.