C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,473 shares of the transportation company’s stock after selling 1,350 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.05% of C.H. Robinson Worldwide worth $5,051,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of C.H. Robinson Worldwide by 4.3% during the 1st quarter. State Street Corp now owns 8,916,720 shares of the transportation company’s stock worth $891,417,000 after purchasing an additional 365,084 shares in the last quarter. Geode Capital Management LLC boosted its holdings in C.H. Robinson Worldwide by 0.9% during the first quarter. Geode Capital Management LLC now owns 2,653,783 shares of the transportation company’s stock worth $263,167,000 after buying an additional 22,957 shares in the last quarter. Invesco Ltd. grew its position in C.H. Robinson Worldwide by 15.0% during the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock worth $184,985,000 after buying an additional 280,177 shares during the period. Morgan Stanley increased its holdings in C.H. Robinson Worldwide by 3.2% in the third quarter. Morgan Stanley now owns 1,712,036 shares of the transportation company’s stock valued at $147,458,000 after buying an additional 52,567 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of C.H. Robinson Worldwide by 20.0% during 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 acquiring an additional 280,938 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Barclays restated an “underweight” rating and issued a $65.00 price target (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research report on Monday, April 1st. BMO Capital Markets cut their price target on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, StockNews.com cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $81.21.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $69.87 on Friday. The company has a market cap of $8.17 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.49 and a beta of 0.72. The business has a fifty day simple moving average of $72.99 and a 200-day simple moving average of $80.11. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $106.14. 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:CHRW) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 90.04%.

About C.H. Robinson Worldwide

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.