PGGM Investments Sells 735 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

PGGM Investments reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 46,907 shares of the transportation company’s stock after selling 735 shares during the period. PGGM Investments’ holdings in C.H. Robinson Worldwide were worth $4,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $31,000. Pacific Center for Financial Services purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $34,000. Headlands Technologies LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $140,000. Naples Money Management LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $181,000. Finally, GAMMA Investing LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $192,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $70.22 on Monday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $106.14. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. The company’s fifty day moving average price is $72.58 and its 200 day moving average price is $79.40. The stock has a market capitalization of $8.22 billion, a P/E ratio of 25.91, a P/E/G ratio of 3.61 and a beta of 0.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.35 billion. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $0.61 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.47%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 90.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CHRW shares. Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Barclays reaffirmed an “underweight” rating and set a $65.00 price objective (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research note on Monday, April 1st. Wells Fargo & Company dropped their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Thursday, February 1st. Finally, Bank of America dropped their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research note on Monday, April 15th. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given 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 price target of $81.21.

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.