C.H. Robinson Worldwide Inc (CHRW) Stake Lessened by Sentry Investment Management LLC

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Sentry Investment Management LLC decreased its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 8.2% during the 1st quarter, Holdings Channel reports. The firm owned 8,185 shares of the transportation company’s stock after selling 727 shares during the quarter. Sentry Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Neuberger Berman Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $208,000. TIAA CREF Investment Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 28.0% in the third quarter. TIAA CREF Investment Management LLC now owns 334,346 shares of the transportation company’s stock worth $32,739,000 after acquiring an additional 73,185 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of C.H. Robinson Worldwide by 1.1% in the third quarter. Legal & General Group Plc now owns 818,822 shares of the transportation company’s stock worth $80,172,000 after acquiring an additional 9,211 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of C.H. Robinson Worldwide by 3.1% in the third quarter. Vanguard Group Inc now owns 16,437,440 shares of the transportation company’s stock worth $1,609,555,000 after acquiring an additional 491,114 shares in the last quarter. Finally, Federated Investors Inc. PA increased its holdings in shares of C.H. Robinson Worldwide by 9.1% in the third quarter. Federated Investors Inc. PA now owns 32,211 shares of the transportation company’s stock worth $3,154,000 after acquiring an additional 2,692 shares in the last quarter. Institutional investors own 85.52% of the company’s stock.

In other news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average cost of $83.18 per share, for a total transaction of $99,982.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.65% of the stock is currently owned by company insiders.

NASDAQ:CHRW opened at $79.72 on Friday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.81. The stock has a market cap of $10.89 billion, a P/E ratio of 16.85, a PEG ratio of 1.84 and a beta of 0.65. C.H. Robinson Worldwide Inc has a 52-week low of $77.72 and a 52-week high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.02. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.98 billion. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. C.H. Robinson Worldwide’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. On average, research analysts predict that C.H. Robinson Worldwide Inc will post 4.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, June 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. C.H. Robinson Worldwide’s payout ratio is presently 42.28%.

Several equities research analysts have issued reports on CHRW shares. Zacks Investment Research upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Thursday, January 31st. Citigroup lowered their price target on C.H. Robinson Worldwide from $102.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Stifel Nicolaus set a $95.00 price target on C.H. Robinson Worldwide and gave the stock a “buy” rating in a report on Friday, May 3rd. Barclays increased their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Finally, Stephens lowered their price target on C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $92.33.

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C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

See Also: Put Option Volume

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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