Marathon Asset Management Ltd Decreases Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Marathon Asset Management Ltd cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,087 shares of the transportation company's stock after selling 15,050 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.12% of C.H. Robinson Worldwide worth $14,532,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. National Pension Service purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $25,000. NBC Securities Inc. purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth about $27,000. First Financial Corp IN purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth about $31,000. Proficio Capital Partners LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $33,000. Finally, Mainstream Capital Management LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $41,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $96.66 on Friday. The company has a market cap of $11.48 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $93.92 and a 200-day moving average price of $98.23. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.24 and a 12-month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. C.H. Robinson Worldwide's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter 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 fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares of the company's stock, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHRW. Citigroup decreased their price objective on 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. Wall Street Zen lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. UBS Group decreased their price objective on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Susquehanna reissued a "positive" rating and issued a $120.00 price objective (up previously from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday. Finally, Truist Financial assumed coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $114.52.

About C.H. Robinson Worldwide

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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