C.H. Robinson Worldwide, Inc. $CHRW Stake Reduced by Sit Investment Associates Inc.

Sit Investment Associates Inc. cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,470 shares of the transportation company’s stock after selling 7,968 shares during the period. Sit Investment Associates Inc.’s holdings in C.H. Robinson Worldwide were worth $6,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in CHRW. Vestcor Inc grew its position in shares of C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock worth $1,029,000 after acquiring an additional 51 shares during the last quarter. Horizon Investments LLC increased its holdings in shares of C.H. Robinson Worldwide by 3.1% in the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after acquiring an additional 58 shares during the period. Signaturefd LLC lifted its position in C.H. Robinson Worldwide by 3.6% in the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 59 shares during the last quarter. Brendel Financial Advisors LLC lifted its position in C.H. Robinson Worldwide by 2.2% in the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 61 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its stake in C.H. Robinson Worldwide by 1.7% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 4,108 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 69 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price target on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a research report on Friday, May 1st. UBS Group lifted their target price 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. 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 research report on Wednesday, April 22nd. Finally, Barclays increased their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Sixteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.65.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $185.04 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $92.36 and a 1 year high of $203.34. The stock has a market cap of $21.81 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 1.60 and a beta of 0.91. The business’s fifty day moving average is $178.28 and its 200-day moving average is $175.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend 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.