Ontario Teachers Pension Plan Board Sells 25,539 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Ontario Teachers Pension Plan Board decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 56.7% during the first quarter, Holdings Channel.com reports. The firm owned 19,471 shares of the transportation company’s stock after selling 25,539 shares during the period. Ontario Teachers Pension Plan Board’s holdings in C.H. Robinson Worldwide were worth $1,483,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 7.2% in the 3rd quarter. American Century Companies Inc. now owns 49,351 shares of the transportation company’s stock valued at $4,251,000 after acquiring an additional 3,329 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of C.H. Robinson Worldwide by 10.6% in the 4th quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock worth $543,000 after purchasing an additional 605 shares during the period. Twelve Points Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 5.8% during the 4th quarter. Twelve Points Wealth Management LLC now owns 5,846 shares of the transportation company’s stock valued at $505,000 after purchasing an additional 320 shares during the last quarter. SG Americas Securities LLC raised its holdings in C.H. Robinson Worldwide by 447.6% during the 4th quarter. SG Americas Securities LLC now owns 36,879 shares of the transportation company’s stock valued at $3,186,000 after buying an additional 30,144 shares during the period. Finally, Mutual Advisors LLC raised its holdings in C.H. Robinson Worldwide by 9.6% during the 4th quarter. Mutual Advisors LLC now owns 11,375 shares of the transportation company’s stock valued at $983,000 after buying an additional 998 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.8 %

CHRW stock traded down $0.76 during trading on Tuesday, hitting $89.43. 28,827 shares of the company’s stock traded hands, compared to its average volume of 1,633,308. The firm has a market capitalization of $10.47 billion, a P/E ratio of 35.65, a PEG ratio of 2.60 and a beta of 0.80. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $100.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $86.29 and a two-hundred day simple moving average of $79.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the business posted $0.98 EPS. The business’s revenue was down 4.3% compared to the same quarter last year. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.63 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 annualized dividend and a yield of 2.73%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 96.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CHRW shares. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. UBS Group raised shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $71.00 to $90.00 in a research report on Thursday, June 6th. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Barclays increased their price target on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.78.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.