Mutual of America Capital Management LLC Cuts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mutual of America Capital Management LLC decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,711 shares of the transportation company’s stock after selling 685 shares during the quarter. Mutual of America Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,357,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CHRW. Vision Capital Management Inc. increased its position in shares of C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock valued at $1,435,000 after acquiring an additional 129 shares in the last quarter. Cascade Investment Advisors Inc. increased its holdings in shares of C.H. Robinson Worldwide by 1.1% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock worth $1,177,000 after purchasing an additional 145 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 3.4% in the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock worth $393,000 after purchasing an additional 149 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 71.4% during the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 177 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of C.H. Robinson Worldwide by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 51,934 shares of the transportation company’s stock valued at $4,473,000 after buying an additional 190 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. StockNews.com downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. BNP Paribas reiterated a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Bank of America dropped their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research note on Monday, April 15th. Finally, Susquehanna upped their price objective on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $81.21.

C.H. Robinson Worldwide Trading Down 0.6 %

C.H. Robinson Worldwide stock opened at $70.76 on Tuesday. 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, Inc. has a 12-month low of $65.00 and a 12-month high of $106.14. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 3.66 and a beta of 0.72. The firm has a 50 day moving average of $72.82 and a 200 day moving average of $79.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 return on equity of 27.61% and a net margin of 1.85%. The firm had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.35 billion. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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 of this dividend was Thursday, February 29th. This represents a $2.44 annualized dividend and a dividend yield of 3.45%. C.H. Robinson Worldwide’s payout ratio is 90.04%.

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.