Dorsey & Whitney Trust CO LLC Raises Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Dorsey & Whitney Trust CO LLC raised its stake in C.H. Robinson Worldwide by 5.2%, owning a total of 45,941 shares valued at approximately $4.7 million.
• Institutional investors collectively own 93.15% of C.H. Robinson Worldwide, indicating strong institutional support for the stock.
• C.H. Robinson Worldwide announced a quarterly dividend of $0.62, translating to an annual yield of 2.0%, with a payout ratio of 56.49%.

Dorsey & Whitney Trust CO LLC boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 5.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 45,941 shares of the transportation company's stock after buying an additional 2,281 shares during the period. Dorsey & Whitney Trust CO LLC's holdings in C.H. Robinson Worldwide were worth $4,704,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. North Capital Inc. bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $25,000. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $27,000. First Financial Corp IN purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $31,000. AdvisorNet Financial Inc raised its position in shares of C.H. Robinson Worldwide by 252.1% during the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after purchasing an additional 300 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of C.H. Robinson Worldwide by 74.4% in the first quarter. National Pension Service now owns 429 shares of the transportation company's stock valued at $44,000 after purchasing an additional 183 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.9%

CHRW stock traded up $2.38 during midday trading on Friday, hitting $125.18. The company's stock had a trading volume of 1,577,441 shares, compared to its average volume of 1,663,091. 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, Inc. has a 52-week low of $84.68 and a 52-week high of $126.85. The firm has a market capitalization of $14.78 billion, a P/E ratio of 28.51, a PEG ratio of 1.93 and a beta of 0.86. The firm has a 50-day simple moving average of $104.78 and a 200-day simple moving average of $98.98.

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 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 company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter last year, the company posted $1.15 EPS. The firm's revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. C.H. Robinson Worldwide's payout ratio is 56.49%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Arun Rajan sold 2,500 shares of the business'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 sale, the insider directly owned 130,591 shares of the company's stock, valued at $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide 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 completion of the transaction, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock valued at $1,714,544 over the last ninety days. Insiders own 1.47% of the company's stock.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent analyst reports. Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Thursday, July 31st. Stifel Nicolaus lifted their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Evercore ISI dropped their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. TD Securities lifted their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.