C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in C.H. Robinson Worldwide by 9.7%, holding 61,072 shares valued at approximately $6.25 million.
• Recent analyst upgrades include a raise from "hold" to "strong-buy" by Baird, while Wells Fargo raised their price target from $125 to $127.
• C.H. Robinson Worldwide plans to distribute a quarterly dividend of $0.62 per share, resulting in a 2.1% yield for stockholders.

LPL Financial LLC grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,072 shares of the transportation company's stock after acquiring an additional 5,424 shares during the period. LPL Financial LLC owned about 0.05% of C.H. Robinson Worldwide worth $6,254,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of C.H. Robinson Worldwide by 4.9% during the first quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company's stock worth $15,248,000 after purchasing an additional 6,889 shares in the last quarter. Amalgamated Bank increased its stake in shares of C.H. Robinson Worldwide by 1.9% during the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock worth $2,365,000 after purchasing an additional 432 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in C.H. Robinson Worldwide by 4.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock valued at $877,000 after acquiring an additional 340 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at about $206,000. Finally, M&T Bank Corp grew its stake in C.H. Robinson Worldwide by 1.7% during the 1st quarter. M&T Bank Corp now owns 8,713 shares of the transportation company's stock valued at $892,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Baird R W raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Thursday, July 31st. 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 report on Thursday, July 31st. Finally, Barclays restated an "underweight" rating and issued a $95.00 price objective (up from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.33.

C.H. Robinson Worldwide Stock Down 0.5%

Shares of NASDAQ:CHRW opened at $116.24 on Tuesday. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $119.20. The company's fifty day moving average is $99.99 and its two-hundred day moving average is $97.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share 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 company's revenue for the quarter was down 7.7% compared to the same quarter last year. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.1%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 56.49%.

Insider Activity

In other news, insider Michael John Short sold 6,364 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 60,401 shares in the company, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider owned 71,441 shares in the company, valued at $6,959,782.22. This represents a 7.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.91% of the company's stock.

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.

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