C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,470 shares of the transportation company’s stock after selling 7,968 shares during the period. Sit Investment Associates Inc.’s holdings in C.H. Robinson Worldwide were worth $6,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $25,000. DV Equities LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $27,000. Western Pacific Wealth Management LP purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $36,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of C.H. Robinson Worldwide by 56.2% during the 4th quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock valued at $37,000 after buying an additional 82 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Wells Fargo & Company raised their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. UBS Group upped their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Finally, Stifel Nicolaus increased their price target on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $185.04 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34. The company has a fifty day moving average price of $178.28 and a two-hundred day moving average price of $175.14. The company has a market cap of $21.81 billion, a PE ratio of 37.46, a P/E/G ratio of 1.60 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.