Bessemer Group Inc. Lowers Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Bessemer Group Inc. decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 75.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,151 shares of the transportation company's stock after selling 35,028 shares during the quarter. Bessemer Group Inc.'s holdings in C.H. Robinson Worldwide were worth $1,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CHRW. Norges Bank purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $134,833,000. Raymond James Financial Inc. purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $102,174,000. First Trust Advisors LP lifted its stake in C.H. Robinson Worldwide by 163.6% in the fourth quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock worth $124,625,000 after acquiring an additional 748,661 shares during the last quarter. Wellington Management Group LLP lifted its stake in C.H. Robinson Worldwide by 25.7% in the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock worth $299,582,000 after acquiring an additional 593,211 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in C.H. Robinson Worldwide by 7,706.1% in the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock worth $46,578,000 after acquiring an additional 449,034 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHRW. Evercore ISI decreased their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Bank of America lifted their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Jefferies Financial Group decreased their price target on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a "buy" rating and a $129.00 price target for the company. Finally, Susquehanna restated a "positive" rating and set a $120.00 price objective (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $114.52.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $96.66 on Monday. The firm's fifty day simple moving average is $93.92 and its 200-day simple moving average is $98.04. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.58 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.24 and a 12 month high of $114.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. C.H. Robinson Worldwide's revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.57%. C.H. Robinson Worldwide's payout ratio is currently 59.33%.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the sale, the insider now directly owns 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.