APG Asset Management N.V. Sells 25,163 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• APG Asset Management N.V. has reduced its stake in C.H. Robinson Worldwide, Inc. by 13%, selling 25,163 shares and now owning approximately 0.14% of the company.
• C.H. Robinson Worldwide reported a quarterly earnings per share of $1.29, exceeding analysts' expectations, with revenue noted at $4.14 billion, marking a 7.7% year-over-year decline.
• The company announced a quarterly dividend of $0.62 per share, with a dividend yield of 2.0%, scheduled for payment on October 2nd to investors of record as of September 5th.

APG Asset Management N.V. cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 13.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 168,576 shares of the transportation company's stock after selling 25,163 shares during the quarter. APG Asset Management N.V. owned 0.14% of C.H. Robinson Worldwide worth $15,981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHRW. North Capital Inc. purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at $25,000. NBC Securities Inc. purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at $27,000. First Financial Corp IN purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at $31,000. AdvisorNet Financial Inc grew its holdings in shares of C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of C.H. Robinson Worldwide by 74.4% in the first quarter. National Pension Service now owns 429 shares of the transportation company's stock valued at $44,000 after purchasing an additional 183 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 0.5%

Shares of CHRW traded down $0.59 during trading hours on Friday, reaching $128.70. 2,265,048 shares of the company traded hands, compared to its average volume of 1,491,236. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 2.02 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $131.17. 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 stock's fifty day moving average price is $108.23 and its 200 day moving average price is $100.03.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates 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 revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 earnings per share. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's payout ratio is currently 56.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHRW. Susquehanna reissued a "positive" rating and issued a $120.00 target price (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. UBS Group reaffirmed a "buy" rating and set a $133.00 price objective (up from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Finally, Bank of America lifted their price objective 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, August 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.24.

Insider Activity

In related 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 sale, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the sale, the insider owned 130,591 shares of the company's stock, valued at $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,577 shares of company stock valued at $1,714,544. 1.47% of the stock is currently owned by company 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.