C.H. Robinson Worldwide, Inc. $CHRW Stock: Candriam S.C.A. Reduces Holdings

Candriam S.C.A. reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 32.3% during the third quarter, HoldingsChannel reports. The firm owned 19,340 shares of the transportation company’s stock after selling 9,241 shares during the period. Candriam S.C.A.’s holdings in C.H. Robinson Worldwide were worth $2,872,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CHRW. Dogwood Wealth Management LLC raised its stake in C.H. Robinson Worldwide by 37.8% during the second quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after buying an additional 65 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after buying an additional 67 shares during the period. Weybosset Research & Management LLC lifted its holdings in C.H. Robinson Worldwide by 0.3% in the third quarter. Weybosset Research & Management LLC now owns 30,712 shares of the transportation company’s stock valued at $4,544,000 after buying an additional 91 shares during the period. State of Michigan Retirement System boosted its position in C.H. Robinson Worldwide by 0.3% during the first quarter. State of Michigan Retirement System now owns 30,992 shares of the transportation company’s stock valued at $5,147,000 after acquiring an additional 100 shares during the last quarter. Finally, Greenleaf Trust boosted its position in C.H. Robinson Worldwide by 1.7% during the second quarter. Greenleaf Trust now owns 6,122 shares of the transportation company’s stock valued at $1,153,000 after acquiring an additional 100 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CHRW shares. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a report on Tuesday, July 28th. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, July 30th. JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $198.00 to $174.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. Stifel Nicolaus decreased their target price on C.H. Robinson Worldwide from $209.00 to $198.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Susquehanna decreased their target price on C.H. Robinson Worldwide from $180.00 to $166.00 and set a “positive” rating for the company in a research note on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.52.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $128.99 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.91. C.H. Robinson Worldwide, Inc. has a 12-month low of $122.21 and a 12-month high of $210.33. The firm’s fifty day moving average is $142.81 and its 200 day moving average is $167.96. The company has a market capitalization of $14.96 billion, a PE ratio of 23.16, a PEG ratio of 1.05 and a beta of 0.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The business’s quarterly revenue was up 29.5% on a year-over-year basis. During the same period last year, the company posted $1.40 earnings per share. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.36 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Friday, December 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, December 4th. C.H. Robinson Worldwide’s dividend payout ratio is 45.24%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide is a third-party logistics provider that arranges freight transportation and supply chain services for businesses. Its offerings include truckload, less-than-truckload, intermodal, ocean and air freight, as well as customs brokerage and freight forwarding. The company also provides managed transportation and logistics technology to help customers plan, coordinate and track shipments. It works with carriers and other transportation providers to move goods across domestic and international supply chains.