Intech Investment Management LLC Sells 5,423 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Intech Investment Management LLC lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,440 shares of the transportation company’s stock after selling 5,423 shares during the period. Intech Investment Management LLC owned 0.11% of C.H. Robinson Worldwide worth $11,269,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Montag A & Associates Inc. acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $30,000. Larson Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $31,000. Pacific Center for Financial Services acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $34,000. Quadrant Capital Group LLC lifted its holdings in shares of C.H. Robinson Worldwide by 13.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock worth $130,000 after purchasing an additional 184 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $140,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

CHRW traded up $2.12 on Friday, hitting $86.72. The company’s stock had a trading volume of 2,141,602 shares, compared to its average volume of 1,946,313. The company’s 50 day simple moving average is $75.71 and its 200-day simple moving average is $79.15. 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, Inc. has a 12 month low of $65.00 and a 12 month high of $100.88. The firm has a market cap of $10.15 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 2.50 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company earned $0.98 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.81%. The ex-dividend date is Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CHRW. JPMorgan Chase & Co. lifted their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. StockNews.com raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets lifted their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Barclays lifted their price target on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Finally, Susquehanna lifted their price target on shares of 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. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average target price of $82.60.

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.