Bank of Nova Scotia cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 20.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,201 shares of the transportation company's stock after selling 3,957 shares during the quarter. Bank of Nova Scotia's holdings in C.H. Robinson Worldwide were worth $1,557,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Nissay Asset Management Corp Japan ADV boosted its position in C.H. Robinson Worldwide by 0.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after acquiring an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in C.H. Robinson Worldwide by 5.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after acquiring an additional 114 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in C.H. Robinson Worldwide by 31.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after acquiring an additional 116 shares during the last quarter. Benedict Financial Advisors Inc. boosted its position in C.H. Robinson Worldwide by 0.9% during the first quarter. Benedict Financial Advisors Inc. now owns 13,243 shares of the transportation company's stock worth $1,356,000 after acquiring an additional 124 shares during the last quarter. Finally, Eliot Finkel Investment Counsel LLC boosted its holdings in shares of C.H. Robinson Worldwide by 0.4% in the 1st quarter. Eliot Finkel Investment Counsel LLC now owns 35,580 shares of the transportation company's stock valued at $3,643,000 after purchasing an additional 130 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CHRW has been the topic of a number of research analyst reports. Baird R W upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday, July 31st. UBS Group reiterated 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. Bank of America lifted their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Evercore ISI decreased their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.33.
View Our Latest Research Report on C.H. Robinson Worldwide
C.H. Robinson Worldwide Stock Down 0.9%
C.H. Robinson Worldwide stock traded down $1.04 during midday trading on Friday, hitting $116.78. 1,091,780 shares of the stock were exchanged, compared to its average volume of 1,518,920. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $119.20. The firm has a market cap of $13.79 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.84 and a beta of 0.86. 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 price of $99.59 and a two-hundred day moving average price of $97.75.
C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released 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 net margin of 3.14% and a return on equity of 35.01%. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the firm posted $1.15 EPS. The firm's quarterly revenue was down 7.7% on a year-over-year basis. On average, sell-side analysts predict 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.
Insider Buying and Selling at C.H. Robinson Worldwide
In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction 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 completion of the transaction, the insider directly owned 71,441 shares of the company's stock, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $746,115.36. Following the transaction, the insider directly owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.
About C.H. Robinson Worldwide
(
Free Report)
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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