UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,399,601 shares of the transportation company's stock after selling 6,117 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.18% of C.H. Robinson Worldwide worth $144,607,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CHRW. Woodline Partners LP acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $733,000. Zurich Insurance Group Ltd FI purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at about $1,364,000. Vident Advisory LLC acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $1,523,000. Virtus Investment Advisers Inc. purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $93,000. Finally, Toronto Dominion Bank boosted its holdings in shares of C.H. Robinson Worldwide by 9.0% during the 4th quarter. Toronto Dominion Bank now owns 63,110 shares of the transportation company's stock worth $6,521,000 after purchasing an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHRW. TD Securities increased their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Citigroup dropped their price objective on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group cut their price objective on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Susquehanna reduced their target price on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating on the stock in a research note on Thursday, May 1st. Finally, Evercore ISI reduced their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average target price of $114.29.

C.H. Robinson Worldwide Trading Up 1.6%

Shares of CHRW traded up $1.55 during trading on Tuesday, reaching $97.30. 913,623 shares of the company traded hands, compared to its average volume of 1,366,250. C.H. Robinson Worldwide, Inc. has a twelve month low of $82.16 and a twelve month high of $114.82. The stock has a market cap of $11.55 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The stock has a 50-day simple moving average of $94.03 and a 200-day simple moving average of $100.29. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

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 for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. The firm had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The business's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 59.33%.

C.H. Robinson Worldwide 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.