Korea Investment CORP Lowers Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Korea Investment CORP reduced its stake in C.H. Robinson Worldwide by 6.7% in the first quarter, now holding 56,751 shares valued at approximately $5.81 million.
• Insiders have sold a total of 14,577 shares in the last quarter, signaling a total transaction value of about $1.71 million, with 1.47% of the stock currently owned by corporate insiders.
• Several analysts upgraded C.H. Robinson Worldwide's rating recently, including Robert W. Baird, who set a price objective of $135.00, reflecting positive sentiment towards the company's performance.

Korea Investment CORP lessened its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,751 shares of the transportation company's stock after selling 4,101 shares during the quarter. Korea Investment CORP's holdings in C.H. Robinson Worldwide were worth $5,811,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $25,000. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $27,000. First Financial Corp IN acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $31,000. AdvisorNet Financial Inc lifted its holdings in shares of C.H. Robinson Worldwide by 252.1% in the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $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% in the 1st quarter. National Pension Service now owns 429 shares of the transportation company's stock valued at $44,000 after buying an additional 183 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

CHRW has been the subject of several analyst reports. Evercore ISI decreased their price objective on 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. TD Securities boosted their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Barclays reissued an "underweight" rating and issued a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Citigroup upped their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $117.24.

Insider Activity

In other news, insider Michael John Short sold 6,364 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares in the company, valued at $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider owned 65,728 shares of the company's stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock worth $1,714,544 over the last ninety days. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded down $1.01 during mid-day trading on Thursday, reaching $127.05. 278,897 shares of the stock traded hands, compared to its average volume of 1,339,644. The business has a 50-day moving average of $106.79 and a 200 day moving average of $99.60. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $128.46. The stock has a market capitalization of $15.00 billion, a PE ratio of 28.92, a PEG ratio of 1.99 and a beta of 0.86. 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 (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, beating analysts' consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 earnings per share. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

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.