Hsbc Holdings PLC Reduces Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Hsbc Holdings PLC has reduced its stake in C.H. Robinson Worldwide by 9.7%, owning 248,774 shares valued at approximately $25.4 million after the sale.
• Insider Angela K. Freeman sold 5,713 shares of the company at an average price of $116.24, leading to an 8.00% decrease in ownership.
• C.H. Robinson Worldwide announced a quarterly dividend of $0.62 per share, with a payout ratio of 56.49%, to be paid on October 2nd.

Hsbc Holdings PLC trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 248,774 shares of the transportation company's stock after selling 26,716 shares during the period. Hsbc Holdings PLC owned about 0.21% of C.H. Robinson Worldwide worth $25,379,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of C.H. Robinson Worldwide by 0.4% during the first quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company's stock worth $1,493,645,000 after buying an additional 51,207 shares during the period. Boston Partners purchased a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $234,304,000. Invesco Ltd. increased its stake in C.H. Robinson Worldwide by 8.4% in the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company's stock valued at $234,058,000 after purchasing an additional 176,374 shares during the last quarter. Northern Trust Corp increased its stake in C.H. Robinson Worldwide by 30.3% in the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after purchasing an additional 396,264 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in C.H. Robinson Worldwide by 25.8% in the fourth quarter. Deutsche Bank AG now owns 938,407 shares of the transportation company's stock valued at $96,956,000 after purchasing an additional 192,744 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the topic of several recent analyst reports. TD Securities increased their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Bank of America increased their price target on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. 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. 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 report on Tuesday, June 24th. Finally, Robert W. Baird raised C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $117.24.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $0.79 during mid-day trading on Wednesday, hitting $127.69. 1,053,592 shares of the company were exchanged, compared to its average volume of 1,338,088. 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 stock has a 50 day simple moving average of $106.10 and a 200-day simple moving average of $99.41. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $127.94. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.98 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 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the company earned $1.15 earnings per share. The company's revenue for the quarter was down 7.7% on a year-over-year basis. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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 issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares of the company's stock, 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 through this link. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the sale, 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. Insiders sold a total of 14,577 shares of company stock valued at $1,714,544 over the last three months. 0.91% of the stock is currently owned by company insiders.

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.