Aberdeen Group plc Purchases 24,587 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Aberdeen Group plc increased its stake in C.H. Robinson Worldwide by 21.5%, acquiring an additional 24,587 shares, leading to total ownership of 138,688 shares valued at approximately $13.3 million.
• C.H. Robinson Worldwide reported $1.29 EPS for the last quarter, exceeding expectations, but revenue fell by 7.7% year-over-year, totaling $4.14 billion.
• The company declared a quarterly dividend of $0.62, translating to an annualized yield of 1.9%, indicating a payout ratio of 56.49%.

Aberdeen Group plc lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 21.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 138,688 shares of the transportation company's stock after purchasing an additional 24,587 shares during the period. Aberdeen Group plc owned about 0.12% of C.H. Robinson Worldwide worth $13,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Copperwynd Financial LLC grew its holdings in shares of C.H. Robinson Worldwide by 10.7% in the second quarter. Copperwynd Financial LLC now owns 2,260 shares of the transportation company's stock worth $217,000 after purchasing an additional 218 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 10.2% in the second quarter. Vontobel Holding Ltd. now owns 2,233 shares of the transportation company's stock worth $214,000 after purchasing an additional 207 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of C.H. Robinson Worldwide by 6.5% in the second quarter. KLP Kapitalforvaltning AS now owns 37,860 shares of the transportation company's stock worth $3,653,000 after purchasing an additional 2,300 shares during the last quarter. OLD National Bancorp IN bought a new stake in C.H. Robinson Worldwide in the second quarter valued at $246,000. Finally, Pflug Koory LLC boosted its holdings in C.H. Robinson Worldwide by 3.9% in the second quarter. Pflug Koory LLC now owns 4,551 shares of the transportation company's stock valued at $437,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $128.01 on Thursday. 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 capitalization of $15.12 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.77 and a beta of 0.90. The business has a fifty day simple moving average of $128.37 and a two-hundred day simple moving average of $107.21. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The company's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 earnings per share. On average, equities 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 was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide's payout ratio is currently 56.49%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted 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 report on Wednesday, October 1st. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the company a "positive" rating in a report on Wednesday, September 24th. Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the company a "buy" rating in a report on Friday, October 10th. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $127.00 to $155.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Finally, Truist Financial set a $150.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $136.05.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the transaction, the insider owned 65,728 shares of the company's stock, valued at $7,640,222.72. The trade was a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares of the company's stock, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock valued at $1,714,544 in the last quarter. 1.47% of the stock is owned by 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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.