First Hawaiian Bank Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• First Hawaiian Bank acquired 2,386 shares of C.H. Robinson Worldwide, Inc., valued at approximately $244,000, marking a new position in the transportation sector.
• C.H. Robinson recently announced a quarterly dividend of $0.62 per share, with a 1.9% yield based on an annualized figure.
• Despite a year-over-year revenue decline of 7.7%, the company beat earnings estimates with $1.29 earnings per share for the last quarter, indicating resilience in financial performance.

First Hawaiian Bank bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,386 shares of the transportation company's stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also modified their holdings of CHRW. North Capital Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $25,000. NBC Securities Inc. bought a new position in C.H. Robinson Worldwide during the first quarter valued at about $27,000. First Financial Corp IN bought a new position in C.H. Robinson Worldwide during the first quarter valued at about $31,000. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $32,000. Finally, AdvisorNet Financial Inc increased its stake in shares of C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider directly owned 60,401 shares of the company's stock, valued at $7,081,413.24. This represents a 9.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the transaction, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock valued at $1,714,544 in the last three months. 1.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Susquehanna reiterated a "positive" rating and issued a $120.00 target price (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research report on Thursday, July 31st. Baird R W upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Finally, UBS Group reiterated a "buy" rating and set a $133.00 target price (up previously from $129.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $117.24.

C.H. Robinson Worldwide Stock Down 0.7%

NASDAQ CHRW traded down $0.93 on Friday, reaching $136.16. The company had a trading volume of 1,600,737 shares, compared to its average volume of 1,361,738. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 2.12 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $138.00. The company's fifty day moving average is $117.58 and its 200-day moving average is $102.96.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business posted $1.15 EPS. The company's quarterly revenue was down 7.7% on a year-over-year basis. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is currently 56.49%.

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.