Corient Private Wealth LLC Trims Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Corient Private Wealth LLC lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 22.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,428 shares of the transportation company’s stock after selling 6,793 shares during the period. Corient Private Wealth LLC’s holdings in C.H. Robinson Worldwide were worth $3,766,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CHRW. Bank of Jackson Hole Trust purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $27,000. DV Equities LLC bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $27,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $30,000. Finally, Clearstead Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW opened at $179.38 on Friday. The firm has a market capitalization of $21.14 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The business’s 50-day moving average is $179.63 and its two-hundred day moving average is $175.89. C.H. Robinson Worldwide, Inc. has a 1 year low of $93.47 and a 1 year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Analyst Ratings Changes

A number of analysts recently weighed in on CHRW shares. Raymond James Financial set a $210.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a report on Friday, March 27th. Wells Fargo & Company upped their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, UBS Group increased their price objective on shares of 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. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Profile

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.