C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Weybosset Research & Management LLC

Weybosset Research & Management LLC lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 50.2% in the first quarter, HoldingsChannel.com reports. The fund owned 30,851 shares of the transportation company’s stock after selling 31,089 shares during the quarter. C.H. Robinson Worldwide comprises about 1.5% of Weybosset Research & Management LLC’s portfolio, making the stock its 22nd largest holding. Weybosset Research & Management LLC’s holdings in C.H. Robinson Worldwide were worth $5,123,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $25,000. DV Equities LLC purchased a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $27,000. Bayban purchased a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $32,000. Vermillion & White Wealth Management Group LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $27,000. Finally, Western Pacific Wealth Management LP purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research reports. Citigroup cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price objective for the company. in a research note on Monday, June 15th. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $200.00 in a research note on Wednesday, May 20th. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Finally, UBS Group lifted their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average target price of $195.65.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $185.04 on Monday. C.H. Robinson Worldwide, Inc. has a 12-month low of $92.36 and a 12-month high of $203.34. The business’s 50-day moving average is $178.28 and its 200 day moving average is $175.24. 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 market cap of $21.81 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 1.60 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion for 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 business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

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.