MV Capital Management Inc. Decreases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

MV Capital Management Inc. cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 20.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,174 shares of the transportation company’s stock after selling 309 shares during the period. MV Capital Management Inc.’s holdings in C.H. Robinson Worldwide were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Montag A & Associates Inc. bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at $30,000. Pacific Center for Financial Services bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth $34,000. Evermay Wealth Management LLC increased its position in C.H. Robinson Worldwide by 336.0% in the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after buying an additional 420 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of C.H. Robinson Worldwide by 139.0% in the fourth quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock worth $74,000 after buying an additional 495 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of C.H. Robinson Worldwide by 13.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock valued at $130,000 after buying an additional 184 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $86.15 on Wednesday. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $100.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average is $83.35 and its 200 day moving average is $79.78. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 2.61 and a beta of 0.80.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.59 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 96.44%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHRW. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Raymond James began coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They set a “market perform” rating on the stock. BMO Capital Markets increased their price target on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. Wells Fargo & Company assumed coverage on C.H. Robinson Worldwide in a research report on Friday, June 7th. They issued an “equal weight” rating and a $94.00 price objective on the stock. Finally, BNP Paribas reiterated a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.38.

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.