First Hawaiian Bank Purchases Shares of 2,386 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) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,386 shares of the transportation company's stock, valued at approximately $244,000.

Several other large investors have also made changes to their positions in CHRW. North Capital Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth about $25,000. NBC Securities Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth about $27,000. First Financial Corp IN acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth about $31,000. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth about $32,000. Finally, AdvisorNet Financial Inc lifted its position in C.H. Robinson Worldwide by 252.1% during the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after buying an additional 300 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CHRW shares. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Tuesday, July 1st. Barclays reiterated an "underweight" rating and set a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Thursday, July 31st. Raymond James Financial set a $111.00 target price on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $117.24.

C.H. Robinson Worldwide Stock Down 0.7%

CHRW stock traded down $1.02 during mid-day trading on Friday, hitting $136.07. 4,618,991 shares of the company were exchanged, compared to its average volume of 1,533,174. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $16.07 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.15 and a beta of 0.87. The firm's 50 day simple moving average is $118.31 and its 200 day simple moving average is $103.22. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $138.00.

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

C.H. Robinson Worldwide Announces Dividend

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

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares of the company's stock, valued at $15,898,148.34. This trade represents a 1.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock valued at $1,714,544 in the last ninety days. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Company 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.