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

Mutual of America Capital Management LLC reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 15,711 shares of the transportation company’s stock after selling 685 shares during the period. Mutual of America Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,357,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $31,000. Pacific Center for Financial Services acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $34,000. Avior Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 71.4% during the 3rd quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock worth $37,000 after buying an additional 177 shares during the last quarter. Headlands Technologies LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $140,000. Finally, Impact Partnership Wealth LLC acquired a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $165,000. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Thursday, February 1st. StockNews.com lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, March 25th. JPMorgan Chase & Co. dropped their price objective on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Finally, Bank of America cut their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $81.21.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $70.76 on Tuesday. The company has a market capitalization of $8.28 billion, a P/E ratio of 26.11, a P/E/G ratio of 3.66 and a beta of 0.72. The business’s 50-day moving average is $72.82 and its two-hundred day moving average is $79.84. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate 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 company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.35 billion. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend 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 90.04%.

C.H. Robinson Worldwide 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.