Gotham Asset Management LLC Purchases 20,519 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Gotham Asset Management LLC increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 21.6% in the third quarter, Holdings Channel reports. The fund owned 115,512 shares of the transportation company’s stock after purchasing an additional 20,519 shares during the quarter. Gotham Asset Management LLC’s holdings in C.H. Robinson Worldwide were worth $9,949,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Penserra Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $30,000. West Tower Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $31,000. Larson Financial Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $31,000. Avior Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 71.4% in the 3rd quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock valued at $37,000 after buying an additional 177 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in C.H. Robinson Worldwide by 169.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 467 shares of the transportation company’s stock worth $51,000 after purchasing an additional 294 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

CHRW traded up $0.17 during trading on Wednesday, reaching $74.39. 1,167,092 shares of the company’s stock were exchanged, compared to its average volume of 1,468,507. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $8.70 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 3.74 and a beta of 0.76. The company’s fifty day simple moving average is $81.49 and its 200-day simple moving average is $84.34. C.H. Robinson Worldwide, Inc. has a 1 year low of $71.29 and a 1 year high of $106.36.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last posted its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.27 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 90.04%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CHRW shares. Susquehanna upgraded shares of C.H. Robinson Worldwide from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $72.00 to $80.00 in a research note on Wednesday, January 10th. BMO Capital Markets lowered their target price on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Wells Fargo & Company lowered their target price on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. lowered their target price on shares of C.H. Robinson Worldwide from $78.00 to $75.00 and set an “underweight” rating for the company in a research note on Thursday, February 1st. Finally, Morgan Stanley lowered their target price on shares of C.H. Robinson Worldwide from $62.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 2nd. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average target price of $85.00.

Check Out Our Latest Stock Report on C.H. Robinson Worldwide

About C.H. Robinson Worldwide

(Free Report)

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.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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