C.H. Robinson Worldwide, Inc. $CHRW Stake Cut by Isthmus Partners LLC

Isthmus Partners LLC reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,562 shares of the transportation company’s stock after selling 7,710 shares during the quarter. C.H. Robinson Worldwide comprises approximately 2.3% of Isthmus Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Isthmus Partners LLC owned about 0.11% of C.H. Robinson Worldwide worth $20,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CHRW. Wellington Management Group LLP grew its holdings in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in C.H. Robinson Worldwide in the third quarter worth $72,929,000. Raymond James Financial Inc. grew its holdings in C.H. Robinson Worldwide by 68.5% in the third quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock worth $139,194,000 after purchasing an additional 427,543 shares during the last quarter. Earnest Partners LLC purchased a new position in C.H. Robinson Worldwide in the third quarter worth $54,313,000. Finally, State Street Corp grew its holdings in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after purchasing an additional 397,177 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHRW has been the topic of a number of research analyst reports. Evercore boosted their price objective on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. UBS Group set a $160.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Wall Street Zen raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.27.

C.H. Robinson Worldwide Trading Up 2.4%

NASDAQ CHRW opened at $163.59 on Friday. The company has a market capitalization of $19.28 billion, a PE ratio of 33.12, a P/E/G ratio of 1.59 and a beta of 0.94. The company has a fifty day moving average of $172.66 and a 200 day moving average of $169.58. C.H. Robinson Worldwide, Inc. has a 1 year low of $92.36 and a 1 year high of $203.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results 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 net margin of 3.70% and a return on equity of 35.49%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given 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 yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is currently 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.