Weybosset Research & Management LLC Has $6.16 Million Stake in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Weybosset Research & Management LLC reduced its stake in C.H. Robinson Worldwide by 6.4% during Q2, selling 4,386 shares and now holding a total of 64,203 shares.
• A quarterly dividend of $0.62 was announced, representing an annualized yield of 1.8%, to be paid on October 2nd to stockholders of record.
• Equities research analysts generally maintain a favorable outlook on C.H. Robinson, with a consensus rating of "Moderate Buy" and an average price target of $117.24.

Weybosset Research & Management LLC cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 6.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,203 shares of the transportation company's stock after selling 4,386 shares during the period. C.H. Robinson Worldwide makes up about 2.1% of Weybosset Research & Management LLC's holdings, making the stock its 20th biggest position. Weybosset Research & Management LLC owned 0.05% of C.H. Robinson Worldwide worth $6,160,000 as of its most recent SEC filing.

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

C.H. Robinson Worldwide Trading Up 0.6%

Shares of NASDAQ:CHRW traded up $0.76 during midday trading on Tuesday, hitting $134.74. The company had a trading volume of 470,157 shares, compared to its average volume of 1,379,051. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 2.13 and a beta of 0.87. The firm has a fifty day simple moving average of $119.03 and a 200 day simple moving average of $103.52.

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, 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 for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the company earned $1.15 EPS. The firm's revenue was down 7.7% on a year-over-year basis. 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. This represents a $2.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CHRW. Bank of America upped their price target on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Barclays reaffirmed an "underweight" rating and issued a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Wells Fargo & Company upped 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. Finally, UBS Group reaffirmed a "buy" rating and issued a $133.00 price target (up previously from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.24.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 60,401 shares in the company, valued at $7,081,413.24. This trade represents a 9.53% decrease in their position. 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 firm's 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 completion of the transaction, the insider owned 65,728 shares in the company, valued at $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. Insiders have sold 14,577 shares of company stock worth $1,714,544 in the last three months. Insiders own 0.91% of the company's stock.

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.