Invesco Ltd. Has $234.06 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• Invesco Ltd. increased its stake in C.H. Robinson Worldwide by 8.4%, holding approximately 2.3 million shares valued at $234 million, according to its recent Form 13F filing.
• C.H. Robinson's most recent earnings reported $1.29 earnings per share, surpassing analysts' expectations, despite a year-over-year revenue decline of 7.7%.
• The company announced a quarterly dividend of $0.62 per share, distributing a total of $2.48 annually, equating to a dividend yield of 2.1%.

Invesco Ltd. lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 8.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,285,723 shares of the transportation company's stock after purchasing an additional 176,374 shares during the quarter. Invesco Ltd. owned about 1.93% of C.H. Robinson Worldwide worth $234,058,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CHRW. North Capital Inc. bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $25,000. NBC Securities Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $27,000. First Financial Corp IN purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $31,000. AdvisorNet Financial Inc boosted its holdings in shares of C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after purchasing an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after purchasing an additional 116 shares during the period. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.2%

Shares of CHRW traded down $0.28 on Friday, reaching $121.24. 1,304,639 shares of the company's stock were exchanged, compared to its average volume of 1,332,941. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $122.05. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $14.32 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. The business has a 50 day moving average price of $101.46 and a two-hundred day moving average price of $98.13.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.0%. 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 Activity

In related news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 65,728 shares of the company's stock, valued at $7,640,222.72. This represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CHRW shares. Robert W. Baird raised C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Thursday, July 31st. Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Evercore ISI lowered their price objective on 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. Bank of America lifted their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $120.00 price target (up previously from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and an average price target of $116.33.

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.