Cognios Beta Neutral Large Cap Fund LP Has $504,000 Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cognios Beta Neutral Large Cap Fund LP raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,836 shares of the transportation company’s stock after purchasing an additional 194 shares during the quarter. Cognios Beta Neutral Large Cap Fund LP’s holdings in C.H. Robinson Worldwide were worth $504,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CHRW. GAMMA Investing LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $192,000. Larson Financial Group LLC raised its position in shares of C.H. Robinson Worldwide by 139.0% during the fourth quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock worth $74,000 after acquiring an additional 495 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of C.H. Robinson Worldwide by 4.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,253 shares of the transportation company’s stock worth $1,145,000 after acquiring an additional 520 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 5.1% during the fourth quarter. Verdence Capital Advisors LLC now owns 12,711 shares of the transportation company’s stock worth $1,098,000 after acquiring an additional 618 shares during the last quarter. Finally, abrdn plc raised its position in shares of C.H. Robinson Worldwide by 14.3% during the fourth quarter. abrdn plc now owns 450,824 shares of the transportation company’s stock worth $38,947,000 after acquiring an additional 56,358 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Up 0.8 %

Shares of NASDAQ:CHRW traded up $0.59 during mid-day trading on Wednesday, hitting $70.94. 1,135,980 shares of the company traded hands, compared to its average volume of 1,576,702. The stock has a market cap of $8.30 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.64 and a beta of 0.72. 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 stock has a 50-day moving average price of $72.69 and a two-hundred day moving average price of $79.67.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share 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 business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.35 billion. On average, equities research analysts forecast 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. Shareholders 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 yield of 3.44%. C.H. Robinson Worldwide’s dividend payout ratio is currently 90.04%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on 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. StockNews.com downgraded 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 issued a $76.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Finally, Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $81.21.

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.