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

Key Points

• Amundi reduced its stake in C.H. Robinson Worldwide by 10.4%, now holding approximately 0.49% of the company, worth $55.58 million after selling 68,040 shares.
• Wall Street analysts remain optimistic, with an average target price of $117.24 and multiple firms upgrading their ratings, including Bank of America lifting the price target to $136.00.
• C.H. Robinson announced a quarterly dividend of $0.62 per share, representing an annualized dividend of $2.48 and a yield of 2.0%, with a payout ratio of 56.49%.

Amundi lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 10.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 586,507 shares of the transportation company's stock after selling 68,040 shares during the quarter. Amundi owned 0.49% of C.H. Robinson Worldwide worth $55,583,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CHRW. Boston Partners purchased a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $234,304,000. Allianz Asset Management GmbH lifted its holdings in C.H. Robinson Worldwide by 144.4% during 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 lifted its holdings in shares of C.H. Robinson Worldwide by 7,706.1% in the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock worth $46,578,000 after buying an additional 449,034 shares in the last quarter. Nuveen LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth $40,825,000. Finally, Northern Trust Corp lifted its holdings in shares of C.H. Robinson Worldwide by 30.3% in the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock worth $174,393,000 after buying an additional 396,264 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, 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 transaction, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction 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 completion of the transaction, the insider owned 130,591 shares in the company, valued at $15,898,148.34. The trade was a 1.88% 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 worth $1,714,544. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $1.39 during midday trading on Friday, reaching $132.41. 1,412,332 shares of the stock were exchanged, compared to its average volume of 1,409,705. The firm has a market cap of $15.64 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.05 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $132.92. The firm has a 50-day simple moving average of $114.70 and a two-hundred day simple moving average of $102.00. 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 issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter last year, the company earned $1.15 EPS. The business's revenue was down 7.7% on a year-over-year basis. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 56.49%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research analyst reports. Wolfe Research raised shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a report on Tuesday, July 1st. Barclays reiterated an "underweight" rating and set a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Baird R W upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.24.

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.