Gotham Asset Management LLC Grows Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Gotham Asset Management LLC lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 110.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,179 shares of the transportation company’s stock after buying an additional 52,102 shares during the quarter. Gotham Asset Management LLC owned 0.09% of C.H. Robinson Worldwide worth $9,855,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its holdings in shares of C.H. Robinson Worldwide by 75.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 260 shares of the transportation company’s stock valued at $26,000 after buying an additional 112 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $29,000. Penserra Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $30,000. Missouri Trust & Investment Co purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $45,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $50,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.19 during mid-day trading on Monday, hitting $86.51. 106,815 shares of the company’s stock traded hands, compared to its average volume of 1,213,771. C.H. Robinson Worldwide, Inc. has a one year low of $85.22 and a one year high of $114.57. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average price of $95.14 and a 200 day moving average price of $96.50. The company has a market cap of $10.07 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.83 and a beta of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.90 EPS for the quarter, hitting analysts’ consensus estimates of $0.90. C.H. Robinson Worldwide had a return on equity of 39.80% and a net margin of 2.67%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same quarter in the previous year, the business earned $2.67 EPS. The company’s quarterly revenue was down 35.0% compared to the same quarter last year. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.75 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Thursday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio is presently 56.09%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several analyst reports. Stifel Nicolaus dropped their price objective on C.H. Robinson Worldwide from $97.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, July 19th. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $93.00 to $88.00 in a report on Thursday, June 29th. Credit Suisse Group dropped their price objective on C.H. Robinson Worldwide from $93.00 to $92.00 and set an “underperform” rating on the stock in a report on Wednesday, August 16th. StockNews.com assumed coverage on C.H. Robinson Worldwide in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Citigroup lifted their target price on C.H. Robinson Worldwide from $94.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $94.91.

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 worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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.