C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Lowered by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 26.9% during the first quarter, Holdings Channel reports. The fund owned 76,302 shares of the transportation company’s stock after selling 28,028 shares during the quarter. Pictet Asset Management Holding SA’s holdings in C.H. Robinson Worldwide were worth $12,662,000 as of its most recent filing with the Securities & Exchange Commission.

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

C.H. Robinson Worldwide Stock Down 0.7%

Shares of CHRW stock opened at $189.85 on Friday. The firm has a fifty day moving average of $180.09 and a 200-day moving average of $176.94. The company has a market capitalization of $22.38 billion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 1.65 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.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Bank of America lowered their target price on 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. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Finally, Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. Sixteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.35.

About C.H. Robinson Worldwide

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.