C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Cullinan Associates Inc.

Key Points

• Cullinan Associates Inc. reduced its stake in C.H. Robinson Worldwide by 17.6% during the 2nd quarter, owning 31,300 shares worth approximately $3 million after selling 6,700 shares.
• Insider Arun Rajan sold 2,500 shares of the company's stock on August 15, while another insider, Angela K. Freeman, sold 5,713 shares on August 11, contributing to a total of 14,577 shares sold over the last ninety days.
• C.H. Robinson Worldwide recently announced a quarterly dividend of $0.62 per share, indicating an annualized dividend yield of 1.8% with a payout ratio of 56.49%.

Cullinan Associates Inc. cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 17.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,300 shares of the transportation company's stock after selling 6,700 shares during the quarter. Cullinan Associates Inc.'s holdings in C.H. Robinson Worldwide were worth $3,003,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CHRW. North Capital Inc. purchased a new position in C.H. Robinson Worldwide during the first quarter worth $25,000. NBC Securities Inc. purchased a new position in C.H. Robinson Worldwide during the first quarter worth $27,000. WPG Advisers LLC purchased a new position in C.H. Robinson Worldwide during the first quarter worth $32,000. National Pension Service increased its position in C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company's stock worth $44,000 after buying an additional 183 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at $51,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling

In related news, 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 transaction of $304,350.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction 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 sale, the insider owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. This represents a 8.00% 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 worth $1,714,544. Corporate insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $135.40 on Monday. The stock has a market cap of $15.99 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.87 and a beta of 0.90. The business has a fifty day simple moving average of $125.18 and a 200-day simple moving average of $105.69. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter last year, the firm posted $1.15 earnings per share. C.H. Robinson Worldwide's revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TD Cowen upped their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Barclays raised C.H. Robinson Worldwide from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $95.00 to $130.00 in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price target on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Evercore ISI increased their target price on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of C.H. Robinson Worldwide in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.19.

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.

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