UBS Asset Management Americas Inc. Sells 40,242 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

UBS Asset Management Americas Inc. trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,207,106 shares of the transportation company’s stock after selling 40,242 shares during the period. UBS Asset Management Americas Inc.’s holdings in C.H. Robinson Worldwide were worth $113,311,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. grew its position in C.H. Robinson Worldwide by 0.5% during the fourth quarter. BlackRock Inc. now owns 15,998,262 shares of the transportation company’s stock valued at $1,501,756,000 after buying an additional 76,830 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of C.H. Robinson Worldwide by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,057,828 shares of the transportation company’s stock valued at $287,038,000 after acquiring an additional 10,584 shares during the period. AQR Capital Management LLC increased its stake in shares of C.H. Robinson Worldwide by 4.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,509,839 shares of the transportation company’s stock worth $154,291,000 after purchasing an additional 61,264 shares during the last quarter. Sprucegrove Investment Management Ltd. raised its holdings in shares of C.H. Robinson Worldwide by 89.9% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 998,500 shares of the transportation company’s stock worth $93,729,000 after purchasing an additional 472,600 shares during the period. Finally, Saratoga Research & Investment Management lifted its stake in C.H. Robinson Worldwide by 2.3% in the fourth quarter. Saratoga Research & Investment Management now owns 952,662 shares of the transportation company’s stock valued at $89,426,000 after purchasing an additional 21,281 shares during the last quarter. 92.95% of the stock is currently owned by institutional investors.

NASDAQ:CHRW opened at $96.27 on Thursday. The stock has a market cap of $12.63 billion, a P/E ratio of 28.65, a PEG ratio of 2.52 and a beta of 0.64. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $94.26 and its two-hundred day moving average price is $94.97. C.H. Robinson Worldwide, Inc. has a twelve month low of $68.46 and a twelve month high of $106.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Monday, January 25th. The transportation company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.11. C.H. Robinson Worldwide had a net margin of 2.96% and a return on equity of 26.78%. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the business earned $0.73 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Friday, March 5th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, March 4th. C.H. Robinson Worldwide’s payout ratio is 48.69%.

Several brokerages recently weighed in on CHRW. Oppenheimer reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Sunday, January 31st. Cowen lifted their target price on shares of C.H. Robinson Worldwide from $102.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, January 28th. Morgan Stanley upped their price target on shares of C.H. Robinson Worldwide from $54.00 to $55.00 and gave the company an “underweight” rating in a research note on Monday, February 1st. Finally, Vertical Research assumed coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 26th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $93.76.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through two segments, North American Surface Transportation and Global Forwarding. 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 that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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