Dorsey & Whitney Trust CO LLC cut its stake in shares of C. H. Robinson (NASDAQ:CHRW) by 2.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,192 shares of the transportation company’s stock after selling 1,640 shares during the period. C. H. Robinson comprises approximately 1.2% of Dorsey & Whitney Trust CO LLC’s holdings, making the stock its 21st largest position. Dorsey & Whitney Trust CO LLC’s holdings in C. H. Robinson were worth $6,390,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. LPL Financial LLC grew its position in C. H. Robinson by 5.2% during the fourth quarter. LPL Financial LLC now owns 10,998 shares of the transportation company’s stock valued at $980,000 after purchasing an additional 547 shares in the last quarter. Creative Planning grew its position in C. H. Robinson by 4.9% during the fourth quarter. Creative Planning now owns 12,295 shares of the transportation company’s stock valued at $1,095,000 after purchasing an additional 574 shares in the last quarter. Horan Capital Management grew its position in C. H. Robinson by 1.2% during the fourth quarter. Horan Capital Management now owns 48,649 shares of the transportation company’s stock valued at $4,334,000 after purchasing an additional 581 shares in the last quarter. RiverPoint Capital Management LLC grew its position in C. H. Robinson by 12.3% during the fourth quarter. RiverPoint Capital Management LLC now owns 5,615 shares of the transportation company’s stock valued at $500,000 after purchasing an additional 615 shares in the last quarter. Finally, Arlington Partners LLC grew its position in C. H. Robinson by 4.7% during the first quarter. Arlington Partners LLC now owns 14,285 shares of the transportation company’s stock valued at $1,339,000 after purchasing an additional 645 shares in the last quarter. 93.87% of the stock is currently owned by hedge funds and other institutional investors.
CHRW stock opened at $85.68 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.51. C. H. Robinson has a 12 month low of $85.30 and a 12 month high of $86.91. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 2.17 and a beta of 0.42.
C. H. Robinson announced that its Board of Directors has authorized a share buyback program on Thursday, May 10th that permits the company to repurchase 15,000,000 shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 1st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, May 31st. C. H. Robinson’s payout ratio is 52.87%.
In other news, insider James Lemke sold 4,346 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $92.75, for a total value of $403,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $93.97, for a total transaction of $662,206.59. Following the completion of the sale, the insider now owns 14,323 shares of the company’s stock, valued at $1,345,932.31. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.
A number of research analysts recently commented on the stock. Cleveland Research raised shares of C. H. Robinson from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. BidaskClub downgraded shares of C. H. Robinson from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 7th. Zacks Investment Research downgraded shares of C. H. Robinson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine downgraded shares of C. H. Robinson from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, BMO Capital Markets boosted their target price on shares of C. H. Robinson from $87.00 to $96.00 and gave the stock a “market perform” rating in a research report on Thursday, February 1st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. C. H. Robinson currently has a consensus rating of “Hold” and an average price target of $84.06.
About C. H. Robinson
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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