Mackenzie Financial Corp Sells 4,994 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mackenzie Financial Corp lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,172 shares of the transportation company’s stock after selling 4,994 shares during the period. Mackenzie Financial Corp’s holdings in C.H. Robinson Worldwide were worth $2,434,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CHRW. Vision Capital Management Inc. increased its holdings in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after purchasing an additional 129 shares during the period. Cascade Investment Advisors Inc. grew its position in shares of C.H. Robinson Worldwide by 1.1% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock worth $1,177,000 after buying an additional 145 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 3.4% during the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after buying an additional 149 shares during the period. Avior Wealth Management LLC raised 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 acquiring an additional 177 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of C.H. Robinson Worldwide by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 51,934 shares of the transportation company’s stock valued at $4,473,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.6 %

C.H. Robinson Worldwide stock opened at $70.76 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $8.28 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 3.66 and a beta of 0.72. The stock has a 50-day moving average of $72.82 and a two-hundred day moving average of $79.84. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $106.14.

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 (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.30). The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Ratings Changes

CHRW has been the topic of several recent research reports. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Wells Fargo & Company cut their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. StockNews.com downgraded shares of 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 target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus boosted their price target on 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. Seven 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, C.H. Robinson Worldwide 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.