Shell Asset Management Co. Sells 1,310 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Shell Asset Management Co. trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,425 shares of the transportation company’s stock after selling 1,310 shares during the period. Shell Asset Management Co.’s holdings in C.H. Robinson Worldwide were worth $641,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after buying an additional 2,643,193 shares during the period. First Eagle Investment Management LLC lifted its position in C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after acquiring an additional 2,003,158 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at $66,474,000. Norges Bank bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $52,341,000. Finally, Pinebridge Investments L.P. raised its holdings in C.H. Robinson Worldwide by 105.5% in the 4th quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock worth $51,286,000 after purchasing an additional 304,709 shares during the period. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock traded down $0.33 during midday trading on Friday, hitting $89.08. 281,597 shares of the stock were exchanged, compared to its average volume of 1,630,040. The stock’s 50-day moving average price is $86.69 and its 200-day moving average price is $80.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.37 and a beta of 0.80. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.65 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and raised their target price for the company from $76.00 to $87.00 in a research note on Tuesday, July 9th. BMO Capital Markets upped 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 report on Friday, May 3rd. 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 note on Wednesday, July 3rd. TD Cowen increased their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price target for the company from $76.00 to $99.00 in a report on Monday. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.78.

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.