MV Capital Management Inc. Cuts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

MV Capital Management Inc. trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 20.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,174 shares of the transportation company’s stock after selling 309 shares during the quarter. MV Capital Management Inc.’s holdings in C.H. Robinson Worldwide were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vision Capital Management Inc. grew its position in shares of C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after buying an additional 129 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 3.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $393,000 after purchasing an additional 149 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of C.H. Robinson Worldwide by 2.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock worth $503,000 after purchasing an additional 165 shares during the last quarter. Kentucky Retirement Systems grew its stake in shares of C.H. Robinson Worldwide by 2.0% during the fourth quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock worth $806,000 after purchasing an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of C.H. Robinson Worldwide by 13.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock worth $130,000 after acquiring an additional 184 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.8 %

NASDAQ CHRW opened at $86.15 on Wednesday. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $100.88. The firm has a 50-day moving average price of $83.35 and a 200 day moving average price of $79.78. The stock has a market capitalization of $10.09 billion, a P/E ratio of 34.05, a P/E/G ratio of 2.61 and a beta of 0.80. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 96.44%.

Wall Street Analyst Weigh In

CHRW has been the subject of several recent analyst reports. 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. TD Cowen raised their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Bank of America reduced their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Evercore ISI upgraded C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $82.00 to $99.00 in a research note on Tuesday, June 25th. Finally, Susquehanna boosted their price objective on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.38.

C.H. Robinson Worldwide 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.