Cwm LLC Decreases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cwm LLC lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 256,245 shares of the transportation company’s stock after selling 23,700 shares during the quarter. Cwm LLC owned 0.22% of C.H. Robinson Worldwide worth $22,137,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CHRW. Penserra Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $30,000. Larson Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $31,000. Pacific Center for Financial Services acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $34,000. Avior Wealth Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 71.4% in the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 177 shares during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $71.22 on Monday. The firm has a market capitalization of $8.33 billion, a P/E ratio of 26.28, a PEG ratio of 3.66 and a beta of 0.72. The stock has a fifty day moving average price of $72.92 and a 200 day moving average price of $79.93. 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 current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its 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). The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is 90.04%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CHRW shares. Bank of America decreased their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research note on Monday, April 15th. Susquehanna lifted their price target on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Barclays restated an “underweight” rating and issued a $65.00 price target (down from $80.00) on shares of C.H. Robinson Worldwide in a research note on Monday, April 1st. BMO Capital Markets decreased their price target on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, February 1st. Finally, Wells Fargo & Company decreased 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. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $81.21.

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.