Weybosset Research & Management LLC Raises Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Weybosset Research & Management LLC lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,622 shares of the transportation company’s stock after buying an additional 1,058 shares during the quarter. C.H. Robinson Worldwide accounts for 1.6% of Weybosset Research & Management LLC’s portfolio, making the stock its 20th biggest holding. Weybosset Research & Management LLC’s holdings in C.H. Robinson Worldwide were worth $4,304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brookstone Capital Management boosted its stake in shares of C.H. Robinson Worldwide by 5.2% during the 2nd quarter. Brookstone Capital Management now owns 5,526 shares of the transportation company’s stock worth $526,000 after acquiring an additional 272 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of C.H. Robinson Worldwide by 3.4% in the 2nd quarter. AE Wealth Management LLC now owns 28,417 shares of the transportation company’s stock worth $2,681,000 after buying an additional 925 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of C.H. Robinson Worldwide by 9.0% in the 2nd quarter. Nordea Investment Management AB now owns 240,818 shares of the transportation company’s stock worth $22,700,000 after buying an additional 19,933 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 6,144.2% in the 1st quarter. ProShare Advisors LLC now owns 1,745,868 shares of the transportation company’s stock worth $173,487,000 after buying an additional 1,717,908 shares in the last quarter. Finally, Empower Advisory Group LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth about $313,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

C.H. Robinson Worldwide Trading Down 3.0 %

NASDAQ CHRW opened at $87.82 on Tuesday. C.H. Robinson Worldwide, Inc. has a one year low of $85.22 and a one year high of $108.05. The company’s 50 day moving average price is $94.28 and its 200 day moving average price is $95.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 4.02 and a beta of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.90 EPS for the quarter, meeting the consensus estimate of $0.90. C.H. Robinson Worldwide had a net margin of 2.67% and a return on equity of 39.80%. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.62 billion. During the same quarter last year, the firm posted $2.67 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down 35.0% compared to the same quarter last year. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 3.75 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 56.09%.

Wall Street Analyst Weigh In

CHRW has been the topic of several recent research reports. Evercore ISI decreased their price objective on shares of C.H. Robinson Worldwide from $91.00 to $89.00 in a research report on Tuesday, June 27th. Stifel Nicolaus reduced their target price on C.H. Robinson Worldwide from $97.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, July 19th. Benchmark reduced their target price on C.H. Robinson Worldwide from $108.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, September 13th. Loop Capital reduced their target price on shares of C.H. Robinson Worldwide from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Finally, Citigroup upped their target price on shares of C.H. Robinson Worldwide from $94.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus price target of $95.13.

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 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.