Pinnbrook Capital Management LP Decreases Stake in C.H. Robinson Worldwide, Inc. $CHRW

Pinnbrook Capital Management LP reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 84.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,987 shares of the transportation company’s stock after selling 458,988 shares during the quarter. C.H. Robinson Worldwide comprises about 1.9% of Pinnbrook Capital Management LP’s portfolio, making the stock its 11th largest holding. Pinnbrook Capital Management LP’s holdings in C.H. Robinson Worldwide were worth $13,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHRW. Goldman Sachs Group Inc. raised its position in shares of C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after purchasing an additional 24,788 shares during the last quarter. United Services Automobile Association purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $259,000. Empowered Funds LLC raised its position in shares of C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares during the last quarter. Woodline Partners LP raised its position in shares of C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth raised its position in shares of C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 359 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on CHRW shares. Robert W. Baird set a $230.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. UBS Group set a $160.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Raymond James Financial set a $210.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, April 30th. TD Cowen increased 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 research report on Thursday, April 30th. Finally, Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their price target for the stock from $195.00 to $200.00 in a research report on Wednesday. Eighteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.61.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $178.13 on Friday. 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 firm has a market cap of $21.00 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The company has a 50 day moving average price of $172.25 and a 200-day moving average price of $170.82. C.H. Robinson Worldwide, Inc. has a 1-year low of $92.36 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly 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. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company earned $1.17 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors 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 yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) 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.