Ossiam Buys 3,082 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Ossiam grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,563 shares of the transportation company’s stock after buying an additional 3,082 shares during the period. Ossiam’s holdings in C.H. Robinson Worldwide were worth $2,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its position in shares of C.H. Robinson Worldwide by 75.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 260 shares of the transportation company’s stock valued at $26,000 after buying an additional 112 shares during the period. Penserra Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at about $30,000. CoreCap Advisors LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust increased its position in shares of C.H. Robinson Worldwide by 169.9% in the first quarter. Parkside Financial Bank & Trust now owns 467 shares of the transportation company’s stock worth $51,000 after purchasing an additional 294 shares during the last quarter. Finally, Engine Capital Management LP bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $54,000. 95.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CHRW shares. Evercore ISI decreased their price objective on shares of C.H. Robinson Worldwide from $91.00 to $89.00 in a research report on Tuesday, June 27th. Loop Capital decreased their price objective on shares of C.H. Robinson Worldwide from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. StockNews.com assumed coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Stifel Nicolaus cut their target price on C.H. Robinson Worldwide from $97.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, July 19th. Finally, BMO Capital Markets upped their target price on 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 analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $94.91.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $86.32 on Monday. The stock has a fifty day moving average of $95.14 and a 200 day moving average of $96.50. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 3.83 and a beta of 0.79. C.H. Robinson Worldwide, Inc. has a 52 week low of $85.22 and a 52 week high of $114.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.90 earnings per share for the quarter, meeting 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 firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.62 billion. During the same period last year, the company earned $2.67 earnings per share. The company’s revenue was down 35.0% on a year-over-year basis. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.75 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

About C.H. Robinson Worldwide

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.