Tobam Sells 90,847 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Tobam lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 52.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,096 shares of the transportation company's stock after selling 90,847 shares during the quarter. Tobam owned about 0.07% of C.H. Robinson Worldwide worth $7,179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Penserra Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the first quarter worth about $30,000. Larson Financial Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $31,000. Pacific Center for Financial Services bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $34,000. Avior Wealth Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 71.4% in the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company's stock worth $37,000 after acquiring an additional 177 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $50,000. Institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays reiterated an "underweight" rating and set a $65.00 price objective (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. StockNews.com downgraded C.H. Robinson Worldwide from a "hold" rating to a "sell" rating in a report on Wednesday, February 28th. BMO Capital Markets decreased their price objective on C.H. Robinson Worldwide from $90.00 to $85.00 and set a "market perform" rating for the company in a report on Thursday, February 1st. Susquehanna increased their price objective on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a "neutral" rating in a report on Monday, March 25th. Finally, JPMorgan Chase & Co. reduced their price target on C.H. Robinson Worldwide from $75.00 to $70.00 and set an "underweight" rating for the company in a research report on Tuesday. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $82.57.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded up $0.87 during mid-day trading on Tuesday, reaching $72.93. The company's stock had a trading volume of 1,049,616 shares, compared to its average volume of 1,621,105. C.H. Robinson Worldwide, Inc. has a 1-year low of $69.11 and a 1-year high of $106.14. The stock has a market cap of $8.53 billion, a P/E ratio of 26.91, a PEG ratio of 3.53 and a beta of 0.72. The business has a 50-day simple moving average of $73.76 and a two-hundred day simple moving average of $80.82. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.36 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $0.61 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.35%. C.H. Robinson Worldwide's payout ratio is 90.04%.

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.