Alliancebernstein L.P. Lowers Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Alliancebernstein L.P. decreased its stake in C.H. Robinson Worldwide, Inc. by 2.3%, holding 1,865,803 shares worth approximately $191 million after selling 44,857 shares in the first quarter.
• The company announced a quarterly dividend of $0.62 per share, scheduled for payment on October 2nd, with an annualized dividend yield of 1.9%.
• C.H. Robinson also beat earnings expectations in its latest quarterly report, posting an EPS of $1.29, exceeding consensus estimates by $0.12.

Alliancebernstein L.P. lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,865,803 shares of the transportation company's stock after selling 44,857 shares during the period. Alliancebernstein L.P. owned 1.57% of C.H. Robinson Worldwide worth $191,058,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of C.H. Robinson Worldwide by 2.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock worth $407,000 after purchasing an additional 105 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in C.H. Robinson Worldwide by 0.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after acquiring an additional 112 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of C.H. Robinson Worldwide by 5.5% in the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after acquiring an additional 114 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of C.H. Robinson Worldwide by 31.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after acquiring an additional 116 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its holdings in shares of C.H. Robinson Worldwide by 1.9% during the first quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company's stock valued at $663,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded down $1.71 during trading hours on Friday, hitting $126.13. The stock had a trading volume of 1,448,044 shares, compared to its average volume of 1,437,034. The firm has a market capitalization of $14.89 billion, a PE ratio of 28.73, a PEG ratio of 1.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $131.17. The stock has a fifty day moving average price of $111.62 and a 200 day moving average price of $101.03.

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

C.H. Robinson Worldwide Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Robert W. Baird raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Tuesday, July 1st. Finally, Barclays restated an "underweight" rating and issued a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. One investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $117.24.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction 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 $7,640,222.72. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,577 shares of company stock valued at $1,714,544. 0.91% of the stock is owned by insiders.

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.