Lombard Odier Asset Management USA Corp Cuts Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Lombard Odier Asset Management USA Corp reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 47.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,891 shares of the transportation company’s stock after selling 11,663 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in C.H. Robinson Worldwide were worth $2,072,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CHRW. Goldman Sachs Group Inc. increased its stake in C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after buying an additional 24,788 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $259,000. Empowered Funds LLC grew its position in shares of C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares in the last quarter. Woodline Partners LP grew its position in shares of C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth grew its position in shares of C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 359 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHRW shares. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price target for the company. in a research report on Monday. Stifel Nicolaus upped their price target on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company upped their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Finally, Barclays upped their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.65.

C.H. Robinson Worldwide Trading Down 0.4%

Shares of C.H. Robinson Worldwide stock opened at $189.40 on Wednesday. The firm has a market capitalization of $22.32 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 1.64 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a 50 day moving average of $177.32 and a 200 day moving average of $174.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data 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. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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