C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 74.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,170 shares of the transportation company’s stock after selling 53,630 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in C.H. Robinson Worldwide were worth $2,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CHRW. Wellington Management Group LLP increased its stake in shares of C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares during the last quarter. Norges Bank acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $236,665,000. Capital World Investors acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $165,976,000. Pinebridge Investments LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $103,751,000. Finally, Westfield Capital Management Co. LP acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $72,929,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Barclays increased their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 target price for the company. in a research report on Monday. Susquehanna dropped their target price 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. Finally, Wells Fargo & Company increased their target price on shares of 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. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $190.25 on Tuesday. The stock has a market cap of $22.42 billion, a P/E ratio of 38.51, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $176.89 and a 200-day moving average of $174.49. C.H. Robinson Worldwide, Inc. has a 52 week low of $92.36 and a 52 week high of $203.34.

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

C.H. Robinson Worldwide Dividend Announcement

The firm 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 dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

C.H. Robinson Worldwide 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.