During the third quarter, Spruce grove Investment Management Ltd liquidated 35.4% of its holdings in C.H. Robinson Worldwide, INC (NASDAQ: CHRW), as stated in the most recent Form 13F filing the company made with the Securities and Exchange Commission.
The institutional investor was left with 346,000 shares of the transportation company’s stock after selling 189,800 shares over the years. C.H. Robinson Worldwide is currently the eighth-ranked holding in the portfolio belonging to Sprucegrove Investment Management Ltd, responsible for 1.9% of the total assets.
At the end of the most recent reporting period, Spruce grove Investment Management Ltd owned approximately 0.28% of C.H. Robinson Worldwide’s shares, which had a value of $33,323,000.
The percentage of holdings other institutional investors allotted to CHRW has been subject to recent changes.
During the second quarter, Parnassus Investments LLC made a 46.0% increase in the proportion of C.H. Robinson Worldwide stock owned by the company.
After making a further purchase of 787,887 shares during the most recent period, Parnassus Investments LLC now has a total of 2,499,873 shares of the transportation company’s stock, which are currently valued at $253,412,000.
This brings the total number of shares owned by the company to 2,499,873.
During the second quarter, Price T. Rowe Associates INC (MD) increased the percentage of C.H. Robinson Worldwide stock it owned to 70.9% from the previous quarter’s level. Following the purchase of 1,012,401 additional shares during the most recent fiscal quarter, Price T. Rowe Associates INC (MD) now owns 2,440,384 shares of the transportation company’s stock.
The current market value of these shares is $247,382,000.
In the first three months of 2018, Invesco Ltd increased the amount of C.H. Robinson Worldwide stock owned by 6.5%, bringing the total to 100%. Following the acquisition of 83,250 shares during the period in question, Invesco Ltd now possesses 1,367,124 shares of the transportation company’s stock.
The stock’s current market value is equal to $147,252,000.
Eaton Vance Management increased its holdings in C.H. Robinson Worldwide by 27.0% over the year’s first three months.
Eaton Vance Management currently holds 1,328,146 shares held by the transportation company.
The value of these holdings is equal to $143,054,000.
This comes after an additional 282,532 shares were purchased during the most recent quarter of the fiscal year.
During the second quarter, UBS Asset Management Americas INC increased the amount of C.H. Robinson Worldwide stock owned by 1.1%, making this the last and most important point. UBS Asset Management Americas INC now has 1,249,845 shares of the transportation company’s stock following the acquisition of an additional 13,077 shares during the most recent quarter.
This gives the company a value of $126,697,000, equivalent to the money gained from the transaction.
The company’s shares are held in institutional ownership to the extent that 96.01% of the total are held.
The stock price of NASDAQ: CHRW increased by $0.55 to $103.50 during the trading session on Tuesday at noon.
There were 246,407 transactions involving the company’s shares, which is significantly higher than the average daily volume of the company’s shares, which is 2,013,200.
Because the company has a beta of 0.78, a market value of $12.18 billion, a price-to-earnings ratio of 14.10, and a P/E growth ratio of 2.83, it has adequate financial resources.
The debt-to-equity ratio is calculated to be 0.68, the quick ratio is calculated to be 1.32, and the current ratio is calculated to be 1.08.
The moving average for the previous two hundred days for the company is $100.57, while the moving average for the previous fifty days is $95.30. C.H. Robinson Worldwide, INC experienced a low point of $86.60 over the previous year, while the company achieved a high point of $121.23.
The latest quarterly earnings report for C.H. Robinson Worldwide, traded under the ticker symbol NASDAQ: CHRW was released on February 1.
The transportation company’s earnings per share (EPS) for the preceding quarter came in at $1.03, which was $0.32 less than the market analysts’ predictions, which were $1.35. However, the company could only bring in $5.07 billion in revenue for the quarter, which is significantly lower than the $5.59 billion analysts predicted it would bring for the quarter.
As evidenced by their satisfactory return on equity of 54.06% and a net margin of 3.82%, C.H. Robinson Worldwide had a very successful year. Compared to the same quarter in the previous fiscal year, the company’s sales experienced a 22.1% decrease.
The company posted earnings of $1.74 per share during the same period the year before when compared to the current year.
According to projections made by stock and share analysts, C.H. Robinson Worldwide, INC is expected to generate $4.99 per share in 2018.
In addition, the business just recently announced and paid out a quarterly dividend, which was done on January 3 of this year.
The dividend was paid out to shareholders. On Friday, December 2, dividend payments to shareholders whose information was already on file were sent out.
The total amount of these payments was $0.61.
The dividend was distributed to the company’s shareholders on the first Thursday of December.
An annualized calculation suggests that this translates to a dividend payment of $2.44 and a yield of 2.36%.
This represents an increase from the previous dividend payment of $0.55 made by C.H. Robinson Worldwide every quarter as a distribution to shareholders.
The payout ratio for C.H. Robinson Worldwide is currently 33.42 percent.
In related news, C.H. Robinson Worldwide insider Jordan T. Kass sold 5,276 shares of the company’s stock on Tuesday, November 29.
This piece of information is relevant because it relates to this topic.
The stock sale generated a total of $515,623.48 in revenue, with an average price of $97.73 per share.
After the completion of the sale, the company insider now directly owns 45,603 shares of the company.
Based on the current stock price, these shares are estimated to be worth approximately $4,456,781.19.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence.
The documentation was provided to the SEC. 1.64 company insiders own a percent of the total shares currently outstanding.
Recent discussions on the CHRW stock have included the opinions of several research specialists who have weighed in.
Morgan Stanley published a research report on C.H. Robinson Worldwide on February 2, announcing the firm’s intention to begin providing company coverage.
They gave the company a ” sell ” rating and suggested a “sell” price of $64.00 for the stock.
Barclays lowered their price objective on C.H. Robinson Worldwide from $100 to $96 and categorized the stock as “equal weight” in a research note published on Thursday, October 13. Sanford C.
Bernstein rated the stock of C.H. Robinson Worldwide as “market perform” in a research report released on Thursday, February 2.
It decreased their price objective for the company from $110.00 to $92.00.
The report was published in conjunction with the company’s quarterly earnings release.
The company, C.H. Robinson Worldwide, was the subject of the report.
The first research report BNP Paribas compiled regarding its coverage of C.H. Robinson Worldwide was made available to the public on November 30.
They suggested to investors that they “outperform” the company and established the price objective at $128.0. Jefferies Financial Group released a research report on C.H. Robinson Worldwide on October 24, when it announced that it would begin covering the company.
They suggested that investors “keep” their positions, and they suggested that investors set the price target for the company at $100.00.
There are currently six research analysts who advocate selling the stock, sixteen research analysts who advocate holding onto the stock, and three market experts who advocate purchasing the stock.
The current rating for C.H. Robinson Worldwide is “Hold,” and the average price objective for the company is set at $98.81, as indicated by the data retrieved from Bloomberg.com.
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