Chevy Chase Trust Holdings LLC Sells 555 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Chevy Chase Trust Holdings LLC lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,607 shares of the transportation company’s stock after selling 555 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in C.H. Robinson Worldwide were worth $4,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cascade Investment Advisors Inc. grew its position in C.H. Robinson Worldwide by 10.4% in the first quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company’s stock valued at $1,169,000 after acquiring an additional 1,450 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $2,960,000. BNP Paribas Financial Markets boosted its position in C.H. Robinson Worldwide by 21.0% in the fourth quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company’s stock valued at $13,468,000 after buying an additional 27,103 shares in the last quarter. Brookstone Capital Management grew its stake in shares of C.H. Robinson Worldwide by 10.6% during the fourth quarter. Brookstone Capital Management now owns 6,288 shares of the transportation company’s stock worth $543,000 after buying an additional 605 shares during the last quarter. Finally, Norden Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth $4,585,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $1.07 during trading hours on Thursday, hitting $86.51. The stock had a trading volume of 38,613 shares, compared to its average volume of 1,642,707. The company has a 50 day simple moving average of $85.22 and a two-hundred day simple moving average of $79.87. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 2.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 96.44%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHRW. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $76.00 to $87.00 in a report on Tuesday. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. StockNews.com raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Robert W. Baird boosted their target price on shares of C.H. Robinson Worldwide from $80.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.06.

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.