Northstar Investment Advisors LLC lowered its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,037 shares of the transportation company’s stock after selling 2,871 shares during the quarter. C.H. Robinson Worldwide comprises 1.8% of Northstar Investment Advisors LLC’s portfolio, making the stock its 27th largest position. Northstar Investment Advisors LLC owned approximately 0.07% of C.H. Robinson Worldwide worth $8,328,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. One Wealth Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $150,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in C.H. Robinson Worldwide by 104.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,647 shares of the transportation company’s stock valued at $161,000 after buying an additional 841 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $197,000. Allianz Asset Management GmbH acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $200,000. Finally, Logan Capital Management Inc. acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 85.74% of the company’s stock.
Several analysts have issued reports on CHRW shares. Citigroup cut their price objective on C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Loop Capital started coverage on C.H. Robinson Worldwide in a report on Wednesday, October 17th. They set a “buy” rating and a $107.00 target price for the company. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Monday, October 8th. Finally, BidaskClub raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $96.20.
CHRW stock traded down $0.58 on Friday, reaching $84.86. The company’s stock had a trading volume of 6,359 shares, compared to its average volume of 1,194,810. C.H. Robinson Worldwide Inc has a 52 week low of $78.83 and a 52 week high of $101.20. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 1.90 and a beta of 0.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.85.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, October 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.08. C.H. Robinson Worldwide had a return on equity of 41.22% and a net margin of 3.83%. The business had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that C.H. Robinson Worldwide Inc will post 4.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Monday, December 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.36%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, December 14th. C.H. Robinson Worldwide’s dividend payout ratio is 57.47%.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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