Railway Pension Investments Ltd Cuts Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Railway Pension Investments Ltd decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 88.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,100 shares of the transportation company’s stock after selling 97,900 shares during the quarter. Railway Pension Investments Ltd’s holdings in C.H. Robinson Worldwide were worth $997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Montag A & Associates Inc. bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $30,000. UMB Bank n.a. raised its position in C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after acquiring an additional 294 shares during the period. Evermay Wealth Management LLC raised its position in C.H. Robinson Worldwide by 336.0% in the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after acquiring an additional 420 shares during the period. Sentry Investment Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter worth approximately $49,000. Finally, Larson Financial Group LLC raised its position in C.H. Robinson Worldwide by 139.0% in the fourth quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock worth $74,000 after acquiring an additional 495 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 3.5 %

Shares of NASDAQ:CHRW traded down $3.58 during trading hours on Friday, hitting $98.63. The company’s stock had a trading volume of 2,362,097 shares, compared to its average volume of 1,686,734. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $105.41. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.37. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 38.98, a P/E/G ratio of 2.63 and a beta of 0.80. The firm’s fifty day moving average price is $87.71 and its 200 day moving average price is $80.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.73 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Analysts Set New Price Targets

CHRW has been the topic of several recent analyst reports. Robert W. Baird raised their price objective on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday. Wells Fargo & Company raised their price objective on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays raised their price objective on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday. Susquehanna raised their target price on shares of C.H. Robinson Worldwide from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their target price for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.28.

About C.H. Robinson Worldwide

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.