APG Asset Management N.V. Has $15.98 Million Holdings in 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. reduced its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 13.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,576 shares of the transportation company's stock after selling 25,163 shares during the period. APG Asset Management N.V. owned approximately 0.14% of C.H. Robinson Worldwide worth $15,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CHRW. North Capital Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at $25,000. NBC Securities Inc. purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $27,000. First Financial Corp IN purchased a new stake in C.H. Robinson Worldwide during the first quarter worth $31,000. AdvisorNet Financial Inc lifted its holdings in C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after buying an additional 300 shares during the period. Finally, National Pension Service lifted its holdings in shares of C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company's stock valued at $44,000 after purchasing an additional 183 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction that occurred on 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 directly owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arun Rajan sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was 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 $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. In the last three months, insiders sold 14,577 shares of company stock valued at $1,714,544. 1.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CHRW. Robert W. Baird raised C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Thursday, July 31st. Baird R W upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Citigroup raised their target price on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Bank of America lifted their target price on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.24.

C.H. Robinson Worldwide Stock Down 0.7%

CHRW traded down $0.94 during trading hours on Friday, reaching $128.35. 1,101,864 shares of the stock traded hands, compared to its average volume of 1,346,620. The company has a market cap of $15.16 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 2.01 and a beta of 0.86. 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 fifty-two week low of $84.68 and a fifty-two week high of $131.17. The firm's fifty day simple moving average is $107.51 and its two-hundred day simple moving average is $99.81.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping 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 net margin of 3.14% and a return on equity of 35.01%. The company's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.15 EPS. As a group, analysts forecast 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 firm also recently declared 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. 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%.

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.