Novare Capital Management LLC Sells 5,711 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Novare Capital Management LLC decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,473 shares of the transportation company’s stock after selling 5,711 shares during the quarter. Novare Capital Management LLC owned 0.07% of C.H. Robinson Worldwide worth $14,223,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CHRW. Goldman Sachs Group Inc. raised its position in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after buying an additional 24,788 shares during the last quarter. United Services Automobile Association purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth about $259,000. Empowered Funds LLC raised its position in C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after buying an additional 350 shares during the last quarter. Woodline Partners LP raised its position in C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after buying an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth raised its position in C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after buying an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets reissued a “market perform” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Wells Fargo & Company boosted their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Bank of America cut their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Raymond James Financial set a $210.00 price target on C.H. Robinson Worldwide in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $200.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Seventeen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.27.

C.H. Robinson Worldwide Trading Up 2.4%

C.H. Robinson Worldwide stock opened at $163.59 on Friday. The business has a 50-day simple moving average of $172.66 and a two-hundred day simple moving average of $169.58. The company has a market cap of $19.28 billion, a P/E ratio of 33.12, a P/E/G ratio of 1.59 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34. 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 (NASDAQ:CHRW) last announced 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 company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is 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.