C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in C.H. Robinson Worldwide by 18.1%, selling 7,232 shares in Q2, bringing its total holdings to 32,614 shares valued at approximately $3.1 million.
• Recent analyst reports have set target prices for C.H. Robinson shares, with Truist Financial at $150 and UBS Group at $166, reflecting a consensus rating of "Moderate Buy".
• C.H. Robinson recently declared a quarterly dividend of $0.62 per share, resulting in an annualized dividend yield of 1.9%.

TD Asset Management Inc lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 18.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,614 shares of the transportation company's stock after selling 7,232 shares during the quarter. TD Asset Management Inc's holdings in C.H. Robinson Worldwide were worth $3,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CHRW. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $25,000. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $32,000. National Pension Service increased its stake in shares of C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company's stock valued at $44,000 after acquiring an additional 183 shares during the last quarter. Ransom Advisory Ltd acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $51,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of C.H. Robinson Worldwide by 307.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the transportation company's stock valued at $54,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHRW. Truist Financial set a $150.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 14th. Susquehanna set a $165.00 target price on shares of C.H. Robinson Worldwide and gave the stock a "positive" rating in a research report on Wednesday, September 24th. Robert W. Baird raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Thursday, July 31st. Evercore ISI increased their target price on shares of C.H. Robinson Worldwide from $116.00 to $155.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. Finally, UBS Group increased their target price on shares of C.H. Robinson Worldwide from $133.00 to $166.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.05.

C.H. Robinson Worldwide Stock Up 0.1%

Shares of NASDAQ:CHRW opened at $127.46 on Tuesday. 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 52-week low of $84.68 and a 52-week high of $138.00. The company has a 50 day moving average of $128.97 and a two-hundred day moving average of $107.92. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the company earned $1.15 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was down 7.7% on a year-over-year basis. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is 56.49%.

Insider Activity

In other news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the transaction, the insider owned 130,591 shares of the company's stock, 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. In the last three months, insiders sold 14,577 shares of company stock worth $1,714,544. 0.91% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.