CIBC Asset Management Inc Sells 1,140 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

CIBC Asset Management Inc lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,183 shares of the transportation company’s stock after selling 1,140 shares during the period. CIBC Asset Management Inc’s holdings in C.H. Robinson Worldwide were worth $1,657,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vision Capital Management Inc. lifted its position in C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock valued at $1,435,000 after purchasing an additional 129 shares in the last quarter. SkyView Investment Advisors LLC increased its position 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 worth $393,000 after purchasing an additional 149 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of C.H. Robinson Worldwide by 2.9% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock worth $503,000 after purchasing an additional 165 shares in the last quarter. Kentucky Retirement Systems increased its position in shares of C.H. Robinson Worldwide by 2.0% in the 4th quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock valued at $806,000 after acquiring an additional 181 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of C.H. Robinson Worldwide by 13.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 184 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $86.98 on Friday. The company’s 50 day moving average price is $78.09 and its 200 day moving average price is $79.51. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $100.88. The company has a market capitalization of $10.18 billion, a PE ratio of 34.38, a PEG ratio of 2.60 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio is 96.44%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday. BNP Paribas reaffirmed a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. 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 for the company in a report on Monday, April 15th. Finally, Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus target price of $84.56.

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About C.H. Robinson Worldwide

(Free Report)

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.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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