Board of the Pension Protection Fund Trims Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Board of the Pension Protection Fund lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 85.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,100 shares of the transportation company’s stock after selling 12,000 shares during the quarter. Board of the Pension Protection Fund’s holdings in C.H. Robinson Worldwide were worth $278,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the second quarter valued at $30,000. WPG Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $32,000. MUFG Securities EMEA plc purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $34,000. FNY Investment Advisers LLC purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $38,000. Finally, Cullen Frost Bankers Inc. raised its holdings in C.H. Robinson Worldwide by 203.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after purchasing an additional 299 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the transaction, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 45,266 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the sale, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group boosted their price objective on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Wells Fargo & Company increased their price objective on shares of C.H. Robinson Worldwide from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $155.00 to $184.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $147.48.

C.H. Robinson Worldwide Stock Up 0.9%

CHRW stock opened at $166.46 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average of $148.19 and a two-hundred day moving average of $125.67. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $167.10. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 2.16 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the business earned $1.28 earnings per share. The business’s revenue was down 10.9% compared to the same quarter last year. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, December 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s payout ratio is presently 51.12%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.