Xponance Inc. Has $2.04 Million Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Xponance Inc. trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,584 shares of the transportation company’s stock after selling 2,470 shares during the period. Xponance Inc.’s holdings in C.H. Robinson Worldwide were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in C.H. Robinson Worldwide by 40.8% during the fourth quarter. Federated Hermes Inc. now owns 4,137 shares of the transportation company’s stock worth $357,000 after buying an additional 1,199 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in C.H. Robinson Worldwide by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 10,430 shares of the transportation company’s stock worth $901,000 after buying an additional 778 shares during the last quarter. United Asset Strategies Inc. increased its holdings in C.H. Robinson Worldwide by 5.2% during the fourth quarter. United Asset Strategies Inc. now owns 10,580 shares of the transportation company’s stock worth $914,000 after buying an additional 519 shares during the last quarter. SVB Wealth LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter worth $217,000. Finally, Vontobel Holding Ltd. boosted its position in C.H. Robinson Worldwide by 184.5% during the fourth quarter. Vontobel Holding Ltd. now owns 19,132 shares of the transportation company’s stock worth $1,653,000 after purchasing an additional 12,408 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHRW has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Company reduced their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. StockNews.com cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. Finally, Barclays reaffirmed an “underweight” rating and set a $65.00 price objective (down from $80.00) on shares of C.H. Robinson Worldwide in a research report on Monday, April 1st. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $81.21.

C.H. Robinson Worldwide Stock Down 0.6 %

CHRW stock opened at $70.76 on Tuesday. The company has a market cap of $8.28 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 3.66 and a beta of 0.72. The business has a 50-day simple moving average of $72.82 and a 200 day simple moving average of $79.84. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $106.14. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). The company had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 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.