C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 19.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,000 shares of the transportation company’s stock after selling 5,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $1,814,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $70,174,000. State Street Corp grew its stake 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 during the period. Bank of America Corp DE lifted its stake in shares of C.H. Robinson Worldwide by 64.9% in the first quarter. Bank of America Corp DE now owns 779,362 shares of the transportation company’s stock valued at $77,445,000 after purchasing an additional 306,755 shares during the period. Royal Bank of Canada boosted its holdings in C.H. Robinson Worldwide by 31.6% during the second quarter. Royal Bank of Canada now owns 1,184,014 shares of the transportation company’s stock worth $111,712,000 after buying an additional 284,103 shares in the last quarter. Finally, Eaton Vance Management grew its position in C.H. Robinson Worldwide by 27.0% during the first quarter. Eaton Vance Management now owns 1,328,146 shares of the transportation company’s stock worth $143,054,000 after buying an additional 282,532 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.9 %

CHRW stock opened at $71.22 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 3.66 and a beta of 0.72. The business has a fifty day simple moving average of $72.92 and a 200-day simple moving average of $79.93. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last announced 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). The firm had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CHRW shares. JPMorgan Chase & Co. decreased their price target on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Susquehanna lifted their price target on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Wells Fargo & Company lowered their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Thursday, February 1st. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Finally, Barclays reiterated an “underweight” rating and issued a $65.00 price target (down from $80.00) on shares of C.H. Robinson Worldwide in a research report on Monday, April 1st. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $81.21.

Read Our Latest Report on CHRW

C.H. Robinson Worldwide Company Profile

(Free Report)

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.

See Also

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

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