Dimensional Fund Advisors LP Purchases 8,101 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Dimensional Fund Advisors LP lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.8% during the first quarter, HoldingsChannel reports. The firm owned 1,053,936 shares of the transportation company’s stock after purchasing an additional 8,101 shares during the period. Dimensional Fund Advisors LP’s holdings in C.H. Robinson Worldwide were worth $104,713,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. First Eagle Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.3% in the fourth quarter. First Eagle Investment Management LLC now owns 10,816,805 shares of the transportation company’s stock worth $990,387,000 after purchasing an additional 246,347 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of C.H. Robinson Worldwide by 249.4% during the first quarter. Envestnet Asset Management Inc. now owns 2,371,863 shares of the transportation company’s stock valued at $69,414,000 after buying an additional 1,692,962 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of C.H. Robinson Worldwide by 61.9% during the first quarter. Wellington Management Group LLP now owns 2,281,369 shares of the transportation company’s stock valued at $226,700,000 after buying an additional 872,477 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 6,144.2% during the first quarter. ProShare Advisors LLC now owns 1,745,868 shares of the transportation company’s stock valued at $173,487,000 after buying an additional 1,717,908 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of C.H. Robinson Worldwide by 3.2% during the fourth quarter. Morgan Stanley now owns 1,673,593 shares of the transportation company’s stock valued at $153,234,000 after buying an additional 51,290 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Trading Down 1.4 %

Shares of CHRW stock opened at $86.19 on Friday. The stock’s fifty day moving average is $95.30 and its two-hundred day moving average is $96.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $10.04 billion, a P/E ratio of 19.81, a PEG ratio of 3.94 and a beta of 0.79. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $86.02 and a fifty-two week high of $114.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.90 EPS for the quarter, hitting the consensus estimate of $0.90. C.H. Robinson Worldwide had a return on equity of 39.80% and a net margin of 2.67%. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.62 billion. During the same quarter in the previous year, the firm earned $2.67 EPS. The company’s quarterly revenue was down 35.0% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.75 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.44 annualized dividend and a dividend yield of 2.83%. C.H. Robinson Worldwide’s dividend payout ratio is presently 56.09%.

Analyst Ratings Changes

CHRW has been the subject of several research analyst reports. Stifel Nicolaus decreased their price objective on shares of C.H. Robinson Worldwide from $97.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, July 19th. Credit Suisse Group cut their price target on shares of C.H. Robinson Worldwide from $93.00 to $92.00 and set an “underperform” rating on the stock in a report on Wednesday, August 16th. Susquehanna dropped their price objective on shares of C.H. Robinson Worldwide from $93.00 to $88.00 in a research note on Thursday, June 29th. StockNews.com assumed coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $94.91.

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 worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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.