Fulton Bank N.A. Invests $309,000 in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Fulton Bank N.A. invested approximately $309,000 in C.H. Robinson Worldwide, acquiring 3,216 shares during the second quarter.
• Analysts show strong confidence in C.H. Robinson, with the stock receiving a mix of ratings that include 14 Buy ratings, and a consensus target price of $117.24.
• The company recently announced a quarterly dividend of $0.62 per share, reflecting a 1.8% yield and a payout ratio of 56.49%.

Fulton Bank N.A. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,216 shares of the transportation company's stock, valued at approximately $309,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. North Capital Inc. purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth $25,000. NBC Securities Inc. purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth $27,000. First Financial Corp IN purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth $31,000. WPG Advisers LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth $32,000. Finally, AdvisorNet Financial Inc grew its position in 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. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the transaction, the insider owned 130,591 shares of the company's stock, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock worth $1,714,544 over the last 90 days. Company insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded up $0.46 during midday trading on Tuesday, hitting $134.44. The company had a trading volume of 597,806 shares, compared to its average volume of 1,379,799. 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 twelve month low of $84.68 and a twelve month high of $138.00. The business has a 50-day simple moving average of $119.03 and a two-hundred day simple moving average of $103.52. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter last year, the business earned $1.15 earnings per share. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 56.49%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CHRW shares. Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of 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. Barclays restated an "underweight" rating and issued a $95.00 target price (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Finally, Baird R W upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target 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.