C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 37.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,508 shares of the transportation company’s stock after selling 91,300 shares during the period. Renaissance Technologies LLC’s holdings in C.H. Robinson Worldwide were worth $24,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of 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 valued at $945,773,000 after purchasing an additional 4,751,034 shares during the last quarter. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $579,922,000. Auto Owners Insurance Co lifted its stake in C.H. Robinson Worldwide by 15,976.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after buying an additional 1,501,744 shares in the last quarter. Norges Bank acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $236,665,000. Finally, Capital World Investors purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth $165,976,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $173.75 on Thursday. The stock has a fifty day moving average price of $187.41 and a 200 day moving average price of $180.99. C.H. Robinson Worldwide, Inc. has a 52 week low of $96.89 and a 52 week high of $210.33. The firm has a market capitalization of $20.48 billion, a P/E ratio of 35.17, a PEG ratio of 1.46 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHRW. TD Cowen cut their price target on C.H. Robinson Worldwide from $200.00 to $155.00 and set a “hold” rating for the company in a report on Tuesday. BMO Capital Markets boosted their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. UBS Group upped their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a report on Monday, June 1st. Truist Financial raised their price target on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Finally, Raymond James Financial cut their price objective on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research report on Thursday, July 2nd. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.84.

Trending Headlines about C.H. Robinson Worldwide

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Quarterly earnings beat estimates: CHRW reported adjusted earnings of $1.61 per share, above the $1.53 consensus estimate and up from $1.29 a year earlier. C.H. Robinson Worldwide Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Revenue materially exceeded expectations: Quarterly revenue reached $4.93 billion versus analysts’ $4.35 billion forecast, representing 19.3% year-over-year growth. Higher pricing helped lift revenue, while reported profit increased to $186.8 million from $152.5 million in the prior-year quarter. C.H. Robinson Profit Rises as Higher Prices Boost Revenue
• Positive Sentiment: Operating performance showed solid profitability: CHRW reported a 3.70% net margin and 35.49% return on equity. Investors may view the results as evidence that the freight brokerage business is benefiting from improved pricing and demand. C.H. Robinson Q2 Key Metrics
• Neutral Sentiment: Analysts expect CHRW to earn approximately $6.12 per share for the current fiscal year. The company’s results could prompt revisions to forecasts, but the articles did not provide updated full-year guidance.
• Negative Sentiment: Some analysts have reduced valuation targets: TD Cowen cut its target to $155 and maintained a “hold” rating, while Robert W. Baird lowered its target to $200 but retained an “outperform” rating. These actions suggest continued caution over valuation or the freight market outlook. Analyst Price-Target Changes

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.