Envestnet Portfolio Solutions Inc. Has $263,000 Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Envestnet Portfolio Solutions Inc. reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 47.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,039 shares of the transportation company’s stock after selling 2,747 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in C.H. Robinson Worldwide were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CHRW. Teacher Retirement System of Texas lifted its holdings in C.H. Robinson Worldwide by 2.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 9,025 shares of the transportation company’s stock worth $777,000 after purchasing an additional 213 shares during the last quarter. WealthPlan Investment Management LLC lifted its holdings in C.H. Robinson Worldwide by 414.7% during the 3rd quarter. WealthPlan Investment Management LLC now owns 2,805 shares of the transportation company’s stock worth $242,000 after purchasing an additional 2,260 shares during the last quarter. M&T Bank Corp lifted its holdings in C.H. Robinson Worldwide by 8.1% during the 3rd quarter. M&T Bank Corp now owns 6,546 shares of the transportation company’s stock worth $564,000 after purchasing an additional 488 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in C.H. Robinson Worldwide by 2.0% during the 3rd quarter. Principal Financial Group Inc. now owns 173,450 shares of the transportation company’s stock worth $14,939,000 after purchasing an additional 3,461 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $31,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on CHRW shares. BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Barclays lifted their price objective on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $76.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $82.60.

C.H. Robinson Worldwide Trading Up 2.5 %

Shares of CHRW stock opened at $86.72 on Friday. The firm has a market capitalization of $10.15 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.50 and a beta of 0.75. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $100.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $75.71 and its 200 day simple moving average is $79.15.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is presently 96.44%.

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 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.