C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Holdings Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 58,473 shares of the transportation company’s stock after selling 1,350 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in C.H. Robinson Worldwide were worth $5,051,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Penserra Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $30,000. Larson Financial Group LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $31,000. Pacific Center for Financial Services acquired a new position in C.H. Robinson Worldwide in the third quarter worth approximately $34,000. Avior Wealth Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 71.4% in the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock valued at $37,000 after buying an additional 177 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $50,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of recent analyst reports. BNP Paribas reaffirmed a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Barclays restated an “underweight” rating and set a $65.00 price objective (down previously from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. Susquehanna upped their price objective on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Bank of America dropped their target price on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research report on Monday. Finally, BMO Capital Markets cut their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, February 1st. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.21.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $69.87 on Friday. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 3.49 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. The business has a fifty day simple moving average of $72.99 and a 200 day simple moving average of $80.11.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 90.04%.

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.