C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Position Cut by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,607 shares of the transportation company’s stock after selling 555 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.06% of C.H. Robinson Worldwide worth $4,919,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CHRW. Vanguard Group Inc. grew its position in C.H. Robinson Worldwide by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 14,038,084 shares of the transportation company’s stock worth $1,212,750,000 after purchasing an additional 174,041 shares during the last quarter. First Eagle Investment Management LLC raised its stake in C.H. Robinson Worldwide by 0.6% during the 4th quarter. First Eagle Investment Management LLC now owns 9,482,897 shares of the transportation company’s stock valued at $819,227,000 after acquiring an additional 59,016 shares in the last quarter. Van ECK Associates Corp raised its stake in C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after acquiring an additional 2,643,193 shares in the last quarter. Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after acquiring an additional 68,491 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,240 shares of the transportation company’s stock worth $90,903,000 after purchasing an additional 28,005 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $1.07 during trading hours on Thursday, hitting $86.51. 38,613 shares of the stock were exchanged, compared to its average volume of 1,642,707. The firm has a market capitalization of $10.13 billion, a P/E ratio of 33.77, a P/E/G ratio of 2.56 and a beta of 0.80. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $100.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The company’s 50 day moving average is $85.22 and its 200 day moving average is $79.87.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 96.44%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHRW. Susquehanna upped 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 report on Thursday, May 2nd. 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. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Bank of America cut their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. Finally, TD Cowen lifted their price target on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $87.06.

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.