20,600 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Purchased by AIA Group Ltd

Key Points

• AIA Group Ltd acquired 20,600 shares of C.H. Robinson Worldwide, Inc., valued at approximately $2,109,000, during the 1st quarter.
• Analysts are generally positive on C.H. Robinson, with a consensus rating of "Moderate Buy" and an average price target of $116.33.
• C.H. Robinson announced a quarterly dividend of $0.62 per share, reflecting an annualized yield of 2.1% and a payout ratio of 56.49%.

AIA Group Ltd purchased 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,600 shares of the transportation company's stock, valued at approximately $2,109,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. CCM Investment Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $1,099,000. Nuveen LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $40,825,000. Invesco Ltd. increased its holdings in shares of C.H. Robinson Worldwide by 8.4% in the 1st quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company's stock worth $234,058,000 after purchasing an additional 176,374 shares in the last quarter. Mizuho Markets Americas LLC increased its holdings in shares of C.H. Robinson Worldwide by 2.6% in the 1st quarter. Mizuho Markets Americas LLC now owns 25,933 shares of the transportation company's stock worth $2,656,000 after purchasing an additional 645 shares in the last quarter. Finally, Forsta AP Fonden increased its holdings in shares of C.H. Robinson Worldwide by 0.6% in the 1st quarter. Forsta AP Fonden now owns 83,400 shares of the transportation company's stock worth $8,540,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded down $0.28 during trading hours on Friday, hitting $121.24. The company's stock had a trading volume of 1,304,639 shares, compared to its average volume of 1,623,634. The business has a 50 day moving average price of $101.97 and a two-hundred day moving average price of $98.21. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $122.05. The company has a market cap of $14.32 billion, a PE ratio of 27.62, a PEG ratio of 1.91 and a beta of 0.86. 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 (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. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The business's revenue was down 7.7% on a year-over-year basis. Analysts expect 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's payout ratio is presently 56.49%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CHRW shares. Evercore ISI reduced their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. TD Securities lifted their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Robert W. Baird raised C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a report on Thursday, July 31st. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Tuesday, July 1st. Finally, Citigroup lifted their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.33.

Insider Activity

In other news, insider Michael John Short sold 6,364 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was 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 in the company, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the business's 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 sale, the insider owned 65,728 shares in the company, valued at $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

About C.H. Robinson Worldwide

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.