Gulf International Bank UK Ltd Sells 2,411 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Gulf International Bank UK Ltd reduced its stake in C.H. Robinson Worldwide, Inc. by 26.5%, holding 6,698 shares valued at $685,000 after selling 2,411 shares.
• Insider Michael John Short sold 6,364 shares, resulting in a 9.53% decrease in his ownership, while insider Angela K. Freeman sold 5,713 shares, which was an 8.00% decrease in her holdings.
• Analyst ratings for C.H. Robinson include upgrades to an "outperform" status by several firms, with price targets ranging from $110 to $135.

Gulf International Bank UK Ltd reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 26.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,698 shares of the transportation company's stock after selling 2,411 shares during the period. Gulf International Bank UK Ltd's holdings in C.H. Robinson Worldwide were worth $685,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mariner LLC increased its stake in shares of C.H. Robinson Worldwide by 5.1% in the fourth quarter. Mariner LLC now owns 32,146 shares of the transportation company's stock worth $3,321,000 after purchasing an additional 1,568 shares during the period. CreativeOne Wealth LLC acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth about $620,000. NewEdge Advisors LLC grew its position in C.H. Robinson Worldwide by 827.3% during the fourth quarter. NewEdge Advisors LLC now owns 5,258 shares of the transportation company's stock worth $543,000 after buying an additional 4,691 shares in the last quarter. Marshall Wace LLP grew its position in C.H. Robinson Worldwide by 386.9% during the fourth quarter. Marshall Wace LLP now owns 374,941 shares of the transportation company's stock worth $38,739,000 after buying an additional 297,938 shares in the last quarter. Finally, Farringdon Capital Ltd. acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth about $206,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Trading Up 3.0%

CHRW stock traded up $3.71 during trading on Friday, hitting $126.51. The company had a trading volume of 314,523 shares, compared to its average volume of 1,325,537. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $104.15 and a 200-day moving average price of $98.80. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $126.51. The stock has a market cap of $14.94 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 1.91 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share 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 during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the previous year, the company posted $1.15 EPS. C.H. Robinson Worldwide's revenue was down 7.7% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 2.0%. C.H. Robinson Worldwide's payout ratio is presently 56.49%.

Analysts Set New Price Targets

CHRW has been the topic of a number of recent research reports. Baird R W raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Bank of America lifted their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a report on Friday, May 16th. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Raymond James Financial set a $111.00 price objective on C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Citigroup lifted their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $116.33.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the company's stock in a transaction 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 completion of the sale, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider owned 130,591 shares of the company's stock, valued at $15,898,148.34. The trade was a 1.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,577 shares of company stock worth $1,714,544. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide 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.