C.H. Robinson Worldwide, Inc. $CHRW Stake Trimmed by Clarkston Capital Partners LLC

Key Points

• Clarkston Capital Partners LLC reduced its stake in C.H. Robinson Worldwide by 17.4%, now holding approximately 1.4% of the company worth $170.19 million.
• C.H. Robinson reported earnings of $1.29 per share for the last quarter, exceeding analysts' expectations, while revenue decreased by 7.7% year-over-year.
• Insiders have sold a total of 14,577 shares in the last 90 days, indicating significant trading activity at the firm.

Clarkston Capital Partners LLC trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 17.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,662,009 shares of the transportation company's stock after selling 350,698 shares during the quarter. C.H. Robinson Worldwide makes up 3.4% of Clarkston Capital Partners LLC's holdings, making the stock its 10th biggest position. Clarkston Capital Partners LLC owned approximately 1.40% of C.H. Robinson Worldwide worth $170,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. United Asset Strategies Inc. lifted its stake in shares of C.H. Robinson Worldwide by 1.6% during the 1st quarter. United Asset Strategies Inc. now owns 11,412 shares of the transportation company's stock valued at $1,169,000 after buying an additional 183 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in C.H. Robinson Worldwide by 5.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 45,941 shares of the transportation company's stock worth $4,704,000 after purchasing an additional 2,281 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in C.H. Robinson Worldwide by 3.8% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 26,710 shares of the transportation company's stock worth $2,735,000 after purchasing an additional 974 shares in the last quarter. Groupama Asset Managment purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $523,000. Finally, Northern Trust Corp lifted its stake in C.H. Robinson Worldwide by 30.3% in the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock worth $174,393,000 after purchasing an additional 396,264 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $121.08 on Thursday. The firm's fifty day moving average price is $103.59 and its 200-day moving average price is $98.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $14.30 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $124.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.12. The firm had revenue of $4.14 billion for 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%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.15 EPS. On average, equities research analysts expect 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 will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The shares were 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 of the company's stock, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the transaction, the insider directly owned 60,401 shares in the company, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,577 shares of company stock valued at $1,714,544. Insiders own 1.47% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on CHRW. Wells Fargo & Company increased their target price on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Evercore ISI lowered their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Citigroup increased their target price on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Bank of America increased their target price on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.33.

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.

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