Canada Pension Plan Investment Board Has $19.53 Million Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• The Canada Pension Plan Investment Board significantly increased its stake in C.H. Robinson Worldwide by 33.4%, now owning approximately 0.16% of the company valued at $19.5 million.
• C.H. Robinson announced a quarterly dividend of $0.62 per share, with an annualized dividend yield of 1.9%, scheduled for payment on October 2nd.
• Despite reporting earnings of $1.29 per share for the last quarter, revenue declined by 7.7% compared to the previous year, with quarterly revenue totaling $4.14 billion.

Canada Pension Plan Investment Board raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 33.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,719 shares of the transportation company's stock after buying an additional 47,714 shares during the quarter. Canada Pension Plan Investment Board owned 0.16% of C.H. Robinson Worldwide worth $19,530,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Boston Partners acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter worth $234,304,000. Allianz Asset Management GmbH grew its position in C.H. Robinson Worldwide by 144.4% in the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock worth $80,292,000 after purchasing an additional 463,216 shares during the last quarter. GAMMA Investing LLC grew its position in C.H. Robinson Worldwide by 7,706.1% in the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock worth $46,578,000 after purchasing an additional 449,034 shares during the last quarter. Nuveen LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $40,825,000. Finally, Northern Trust Corp raised its position in shares of C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after buying an additional 396,264 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded down $1.71 on Friday, reaching $126.13. The stock had a trading volume of 1,448,044 shares, compared to its average volume of 1,437,034. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $14.89 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year 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 (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 3.14% and a return on equity of 35.01%. C.H. Robinson Worldwide's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 earnings per share. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Insider Activity

In related news, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela K. Freeman sold 5,713 shares of the company's stock in a transaction dated 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 approximately $7,640,222.72. This trade represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,577 shares of company stock worth $1,714,544. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several recent research reports. Robert W. Baird raised C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Thursday, July 31st. Barclays restated an "underweight" rating and issued a $95.00 target price (up from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Susquehanna reaffirmed a "positive" rating and set a $120.00 price objective (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $117.24.

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.