Russell Investments Group Ltd. Has $12.50 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Russell Investments Group Ltd. cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.8% in the fourth quarter, HoldingsChannel reports. The firm owned 144,685 shares of the transportation company’s stock after selling 8,917 shares during the period. Russell Investments Group Ltd.’s holdings in C.H. Robinson Worldwide were worth $12,502,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of C.H. Robinson Worldwide by 20.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock valued at $145,333,000 after acquiring an additional 280,938 shares during the last quarter. Invesco Ltd. grew its holdings in C.H. Robinson Worldwide by 15.0% during the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock valued at $184,985,000 after purchasing an additional 280,177 shares during the last quarter. Northern Trust Corp raised its position in shares of C.H. Robinson Worldwide by 15.9% in the third quarter. Northern Trust Corp now owns 1,536,430 shares of the transportation company’s stock valued at $132,333,000 after purchasing an additional 211,089 shares during the period. Sasco Capital Inc. CT bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $16,790,000. Finally, Royal Bank of Canada grew its stake in C.H. Robinson Worldwide by 13.0% in the 3rd quarter. Royal Bank of Canada now owns 1,338,395 shares of the transportation company’s stock valued at $115,275,000 after buying an additional 154,381 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHRW shares. Bank of America lowered their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. StockNews.com raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. Finally, Barclays upped their target price on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $82.60.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $81.20 on Friday. The firm has a market capitalization of $9.50 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 4.16 and a beta of 0.75. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $105.18. The firm has a 50-day moving average price of $72.85 and a 200 day moving average price of $79.15.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. Research analysts anticipate 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 business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.00%. C.H. Robinson Worldwide’s payout ratio is presently 96.44%.

C.H. Robinson Worldwide 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.