Banque Cantonale Vaudoise Makes New $1.88 Million Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• Banque Cantonale Vaudoise acquired 18,373 shares of C.H. Robinson Worldwide, valued at approximately $1.88 million, marking a new position in the transportation company's stock.
• C.H. Robinson Worldwide's stock recently saw a 2.1% decline, with a current market cap of $11.59 billion and a P/E ratio of 23.36.
• The company reported a year-over-year revenue decline of 7.7%, despite beating earnings per share (EPS) estimates by 12 cents in its latest quarterly report.

Banque Cantonale Vaudoise purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,373 shares of the transportation company's stock, valued at approximately $1,881,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nissay Asset Management Corp Japan ADV raised its stake in shares of C.H. Robinson Worldwide by 0.8% during 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 buying an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of C.H. Robinson Worldwide by 5.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after buying an additional 114 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake 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 worth $49,000 after buying an additional 116 shares during the last quarter. Benedict Financial Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.9% during the first quarter. Benedict Financial Advisors Inc. now owns 13,243 shares of the transportation company's stock worth $1,356,000 after buying an additional 124 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of C.H. Robinson Worldwide by 0.9% during the first quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company's stock worth $1,579,000 after buying an additional 131 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Down 1.3%

Shares of CHRW stock traded down $1.46 during trading on Friday, reaching $113.86. The company's stock had a trading volume of 2,339,374 shares, compared to its average volume of 1,362,338. The business has a fifty day moving average price of $97.53 and a 200-day moving average price of $97.35. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $116.16.

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, topping analysts' consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion for 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 firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's payout ratio is currently 56.49%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider directly owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. TD Securities boosted their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Jefferies Financial Group decreased their price objective on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, April 11th. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a report on Thursday. Finally, Evercore ISI decreased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $116.33.

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.