Cerity Partners LLC Buys 4,401 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cerity Partners LLC boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 85.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,530 shares of the transportation company’s stock after purchasing an additional 4,401 shares during the period. Cerity Partners LLC’s holdings in C.H. Robinson Worldwide were worth $824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. raised its position in C.H. Robinson Worldwide by 15.0% in the 3rd quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock valued at $184,985,000 after buying an additional 280,177 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of C.H. Robinson Worldwide by 20.0% in the third quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock valued at $145,333,000 after purchasing an additional 280,938 shares during the last quarter. Northern Trust Corp lifted its position in shares of C.H. Robinson Worldwide by 15.9% in the third quarter. Northern Trust Corp now owns 1,536,430 shares of the transportation company’s stock worth $132,333,000 after purchasing an additional 211,089 shares in the last quarter. Royal Bank of Canada boosted its holdings in C.H. Robinson Worldwide by 13.0% during the third quarter. Royal Bank of Canada now owns 1,338,395 shares of the transportation company’s stock worth $115,275,000 after purchasing an additional 154,381 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in C.H. Robinson Worldwide by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,024,235 shares of the transportation company’s stock valued at $88,217,000 after purchasing an additional 27,377 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $70.76 on Tuesday. The stock has a 50 day simple moving average of $72.82 and a 200 day simple moving average of $79.84. The stock has a market cap of $8.28 billion, a P/E ratio of 26.11, a PEG ratio of 3.66 and a beta of 0.72. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $106.14. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a dividend of $0.61 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.45%. C.H. Robinson Worldwide’s payout ratio is presently 90.04%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. StockNews.com downgraded C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. dropped their price objective on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company decreased their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $81.21.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.