C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 47.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,891 shares of the transportation company’s stock after selling 11,663 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in C.H. Robinson Worldwide were worth $2,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHRW. Goldman Sachs Group Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after buying an additional 24,788 shares during the period. United Services Automobile Association acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $259,000. Empowered Funds LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after buying an additional 350 shares during the period. Woodline Partners LP lifted its holdings in shares of C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after buying an additional 2,930 shares during the period. Finally, Focus Partners Wealth raised its holdings in C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $189.40 on Wednesday. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34. The stock has a 50 day moving average of $177.32 and a two-hundred day moving average of $174.70. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The firm has a market cap of $22.32 billion, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS 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 company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business earned $1.17 EPS. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.63 per share. 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 payout ratio is 51.01%.

Analyst Ratings Changes

CHRW has been the subject of a number of analyst reports. Raymond James Financial set a $210.00 price target on C.H. Robinson Worldwide in a report on Thursday, April 30th. Barclays upped their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Susquehanna reduced their price target on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. Wells Fargo & Company upped their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.65.

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.