Marathon Asset Management Ltd Reduces Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Marathon Asset Management Ltd trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,425 shares of the transportation company’s stock after selling 9,077 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.08% of C.H. Robinson Worldwide worth $15,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $576,000. PNC Financial Services Group Inc. increased its holdings in shares of C.H. Robinson Worldwide by 5.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 18,192 shares of the transportation company’s stock valued at $2,925,000 after acquiring an additional 927 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of C.H. Robinson Worldwide by 10.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,429 shares of the transportation company’s stock valued at $1,837,000 after acquiring an additional 1,086 shares during the last quarter. Armor Investment Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $235,000. Finally, North Dakota State Investment Board bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $1,798,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Trading Up 1.9%

NASDAQ:CHRW opened at $173.02 on Wednesday. C.H. Robinson Worldwide, Inc. has a 12-month low of $92.36 and a 12-month high of $203.34. The firm has a market capitalization of $20.39 billion, a P/E ratio of 35.02, a P/E/G ratio of 1.69 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The business has a 50 day simple moving average of $172.23 and a 200 day simple moving average of $170.47.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. BMO Capital Markets reiterated a “market perform” rating and issued a $180.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a report on Friday, May 1st. Loop Capital set a $206.00 price objective on C.H. Robinson Worldwide in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Seventeen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.27.

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.