C.H. Robinson Worldwide, Inc. $CHRW Stock Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 52.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,434 shares of the transportation company’s stock after selling 10,562 shares during the quarter. Fulcrum Asset Management LLP’s holdings in C.H. Robinson Worldwide were worth $1,412,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Burkett Financial Services LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $25,000. Continuum Advisory LLC bought a new position in C.H. Robinson Worldwide during the 2nd quarter valued at $27,000. NBH Bank purchased a new position in C.H. Robinson Worldwide during the 2nd quarter worth $29,000. Reyes Financial Architecture Inc. purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth $30,000. Finally, Cornerstone Planning Group LLC boosted its holdings in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Bank of America restated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th. UBS Group reduced their price objective on shares of C.H. Robinson Worldwide from $230.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price objective for the company. Finally, Robert W. Baird dropped their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.52.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $133.76 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $15.51 billion, a P/E ratio of 24.01, a PEG ratio of 1.05 and a beta of 0.95. C.H. Robinson Worldwide, Inc. has a one year low of $122.21 and a one year high of $210.33. The business has a fifty day moving average price of $142.53 and a 200-day moving average price of $167.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, October 28th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.05. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.92 billion. C.H. Robinson Worldwide had a return on equity of 42.49% and a net margin of 3.67%. The firm’s revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 earnings per share. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.36 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Friday, December 4th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, December 4th. This represents a $2.52 annualized dividend and a yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio is currently 45.96%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide is a third-party logistics provider that arranges freight transportation and supply chain services for businesses. Its offerings include truckload, less-than-truckload, intermodal, ocean and air freight, as well as customs brokerage and freight forwarding. The company also provides managed transportation and logistics technology to help customers plan, coordinate and track shipments. It works with carriers and other transportation providers to move goods across domestic and international supply chains.