Sterling Capital Management LLC Sells 3,005 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Sterling Capital Management LLC cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 43.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,959 shares of the transportation company’s stock after selling 3,005 shares during the quarter. Sterling Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $657,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $25,000. DV Equities LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $27,000. Bayban acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $32,000. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $27,000. Finally, Western Pacific Wealth Management LP acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $36,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price target for the company. in a research report on Monday, June 15th. Bank of America lowered their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Finally, Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.65.

C.H. Robinson Worldwide Stock Up 1.6%

Shares of NASDAQ:CHRW opened at $191.27 on Thursday. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 1.63 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12-month low of $96.27 and a 12-month high of $203.34. The business’s 50 day moving average is $179.97 and its 200 day moving average is $176.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm posted $1.17 EPS. C.H. Robinson Worldwide’s quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.