Aberdeen Group plc Trims Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Aberdeen Group plc reduced its holdings in C.H. Robinson Worldwide by 76.6%, owning 114,101 shares worth approximately $11.61 million after selling over 374,000 shares.
• C.H. Robinson Worldwide reported $1.29 EPS for the last quarter, slightly above analysts' expectations, but its revenue declined by 7.7% year-over-year.
• The company announced a quarterly dividend of $0.62 per share, with a yield of 2.0%, reflecting a payout ratio of 56.49%.

Aberdeen Group plc lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 76.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 114,101 shares of the transportation company's stock after selling 374,464 shares during the period. Aberdeen Group plc owned about 0.10% of C.H. Robinson Worldwide worth $11,613,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners bought a new stake in C.H. Robinson Worldwide in the first quarter worth $234,304,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of C.H. Robinson Worldwide by 2.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock worth $407,000 after acquiring an additional 105 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 53.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 822 shares of the transportation company's stock valued at $84,000 after purchasing an additional 288 shares during the period. National Pension Service grew its stake in C.H. Robinson Worldwide by 74.4% in the 1st quarter. National Pension Service now owns 429 shares of the transportation company's stock worth $44,000 after acquiring an additional 183 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth $139,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 1.0%

C.H. Robinson Worldwide stock traded up $1.23 during midday trading on Monday, reaching $126.41. 1,356,095 shares of the stock traded hands, compared to its average volume of 1,671,120. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a market cap of $14.93 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.96 and a beta of 0.86. The company has a 50-day simple moving average of $105.43 and a two-hundred day simple moving average of $99.21. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $126.85.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share 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 firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is presently 56.49%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider owned 60,401 shares in the company, valued at approximately $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. In the last three months, insiders have sold 14,577 shares of company stock valued at $1,714,544. Insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CHRW shares. Barclays reissued an "underweight" rating and issued a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Bank of America lifted their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday. Evercore ISI lowered their price target on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Citigroup lifted their price objective on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, UBS Group restated a "buy" rating and issued a $133.00 target price (up previously from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $117.24.

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.