Federated Hermes Inc. Acquires 4,082 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• Federated Hermes Inc. has increased its holdings in C.H. Robinson Worldwide by 10.6%, acquiring an additional 4,082 shares, bringing its total to 42,740 shares valued at approximately $4.38 million.
• C.H. Robinson Worldwide reported a 1.3% decline in its stock price, with the shares opening at $113.86 on Monday and a market capitalization of $13.52 billion.
• The company declared a quarterly dividend of $0.62 per share, reflecting an annualized dividend of $2.48 and a yield of 2.2%, with a payout ratio of 56.49%.

Federated Hermes Inc. grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,740 shares of the transportation company's stock after purchasing an additional 4,082 shares during the quarter. Federated Hermes Inc.'s holdings in C.H. Robinson Worldwide were worth $4,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CHRW. LPL Financial LLC raised its stake in C.H. Robinson Worldwide by 5.8% during the 4th quarter. LPL Financial LLC now owns 55,648 shares of the transportation company's stock worth $5,750,000 after buying an additional 3,047 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $377,000. O Shaughnessy Asset Management LLC raised its stake in C.H. Robinson Worldwide by 12.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,985 shares of the transportation company's stock worth $1,445,000 after buying an additional 1,496 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $5,634,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $5,828,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the transaction, the insider owned 71,441 shares of the company's stock, valued at $6,959,782.22. This represents a 7.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded down $0.83 during trading on Friday, reaching $117.00. 646,757 shares of the stock traded hands, compared to its average volume of 1,328,780. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $119.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.29. The company has a 50-day moving average of $99.17 and a 200-day moving average of $97.72. The stock has a market capitalization of $13.82 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Baird R W raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Citigroup increased their price objective on 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. TD Securities increased their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, Susquehanna reissued a "positive" rating and issued a $120.00 price objective (up from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $116.33.

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.