Portside Wealth Group LLC Has $774,000 Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Portside Wealth Group LLC trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 13.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,960 shares of the transportation company’s stock after selling 1,445 shares during the period. Portside Wealth Group LLC’s holdings in C.H. Robinson Worldwide were worth $774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in C.H. Robinson Worldwide by 4.3% in the 1st quarter. State Street Corp now owns 8,916,720 shares of the transportation company’s stock valued at $891,417,000 after buying an additional 365,084 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of C.H. Robinson Worldwide by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,707,042 shares of the transportation company’s stock valued at $254,796,000 after purchasing an additional 53,259 shares during the period. Invesco Ltd. raised its stake in shares of C.H. Robinson Worldwide by 15.0% in the 3rd quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock valued at $184,985,000 after purchasing an additional 280,177 shares during the period. Morgan Stanley raised its stake in shares of C.H. Robinson Worldwide by 3.2% in the 3rd quarter. Morgan Stanley now owns 1,712,036 shares of the transportation company’s stock valued at $147,458,000 after purchasing an additional 52,567 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of C.H. Robinson Worldwide by 20.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock valued at $145,333,000 after purchasing an additional 280,938 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 0.2 %

Shares of NASDAQ:CHRW opened at $74.47 on Monday. C.H. Robinson Worldwide, Inc. has a 12-month low of $69.11 and a 12-month high of $106.14. The stock has a market cap of $8.70 billion, a PE ratio of 27.48, a P/E/G ratio of 3.69 and a beta of 0.72. The business has a 50 day moving average of $76.88 and a 200-day moving average of $82.02. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.30). The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.36 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 90.04%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com downgraded C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Susquehanna raised C.H. Robinson Worldwide from a “negative” rating to a “neutral” rating and lifted their target price for the company from $72.00 to $80.00 in a research report on Wednesday, January 10th. Wells Fargo & Company lowered their target price on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. Stifel Nicolaus lifted their target price on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Finally, BMO Capital Markets lowered their target price on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, February 1st. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $85.00.

View Our Latest Stock Report on CHRW

C.H. Robinson Worldwide Profile

(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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