Arlington Partners LLC Purchases 4,451 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Arlington Partners LLC increased its holdings in C.H. Robinson Worldwide, Inc. by 10.6%, acquiring 4,451 shares and bringing total ownership to 46,467 shares valued at approximately $4.46 million.
• C.H. Robinson reported earnings of $1.29 per share for the last quarter, exceeding analysts' expectations of $1.17, despite a revenue decline of 7.7% year-over-year to $4.14 billion.
• The company declared a quarterly dividend of $0.62, leading to an annualized dividend of $2.48 and a yield of 1.8%, with a dividend payout ratio of 56.49%.

Arlington Partners LLC grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 10.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,467 shares of the transportation company's stock after acquiring an additional 4,451 shares during the period. Arlington Partners LLC's holdings in C.H. Robinson Worldwide were worth $4,459,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CHRW. Principal Financial Group Inc. lifted its stake in C.H. Robinson Worldwide by 4.9% during the first quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company's stock worth $15,248,000 after purchasing an additional 6,889 shares during the last quarter. Amalgamated Bank grew its holdings in C.H. Robinson Worldwide by 1.9% in the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock worth $2,365,000 after buying an additional 432 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of C.H. Robinson Worldwide by 4.1% during the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock valued at $877,000 after purchasing an additional 340 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $206,000. Finally, M&T Bank Corp raised its stake in shares of C.H. Robinson Worldwide by 1.7% in the 1st quarter. M&T Bank Corp now owns 8,713 shares of the transportation company's stock worth $892,000 after buying an additional 144 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider owned 60,401 shares in the company, valued at $7,081,413.24. The trade was a 9.53% decrease in their position. The sale 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 the stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 14,577 shares of company stock valued at $1,714,544. 0.91% of the stock is owned by company insiders.

C.H. Robinson Worldwide Stock Down 1.5%

Shares of CHRW traded down $2.09 during midday trading on Monday, hitting $133.98. The stock had a trading volume of 2,036,956 shares, compared to its average volume of 1,685,252. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $138.00. The company has a 50 day simple moving average of $119.03 and a two-hundred day simple moving average of $103.52. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 2.13 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 (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is currently 56.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CHRW. Robert W. Baird upgraded 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. Bank of America raised their target price on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Barclays reaffirmed an "underweight" rating and set a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Baird R W raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Finally, Susquehanna restated a "positive" rating and set a $120.00 price target (up from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.24.

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.