NFJ Investment Group LLC Trims Position in C.H. Robinson Worldwide, Inc. $CHRW

NFJ Investment Group LLC lessened its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.6% in the fourth quarter, Holdings Channel reports. The fund owned 181,842 shares of the transportation company’s stock after selling 28,608 shares during the quarter. C.H. Robinson Worldwide comprises 1.1% of NFJ Investment Group LLC’s investment portfolio, making the stock its 26th biggest holding. NFJ Investment Group LLC’s holdings in C.H. Robinson Worldwide were worth $29,233,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in C.H. Robinson Worldwide by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after acquiring an additional 364,163 shares during the last quarter. State Street Corp increased its position in C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Wellington Management Group LLP increased its position in C.H. Robinson Worldwide by 198.6% during the third 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. Boston Partners increased its position in C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after acquiring an additional 213,245 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in C.H. Robinson Worldwide by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company’s stock valued at $514,889,000 after acquiring an additional 16,961 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 research firms recently commented on CHRW. Barclays upped their price objective on 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. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their price target for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. UBS Group boosted their price target on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a report on Monday, June 1st. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $193.74 on Friday. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.67 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. The business has a 50-day moving average price of $176.44 and a 200-day moving average price of $174.12. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates 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 in the prior year, the company posted $1.17 earnings per share. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. 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.