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KBC Group NV Has $6.59 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

C.H. Robinson Worldwide logo with Transportation background

KBC Group NV cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 12.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 64,360 shares of the transportation company's stock after selling 8,872 shares during the period. KBC Group NV owned about 0.05% of C.H. Robinson Worldwide worth $6,590,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $27,000. First Financial Corp IN acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $31,000. Proficio Capital Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $33,000. Mainstream Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of C.H. Robinson Worldwide by 252.1% in the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after acquiring an additional 300 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CHRW. JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They set a "buy" rating and a $129.00 target price for the company. Barclays cut their target price on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Susquehanna reissued a "positive" rating and set a $120.00 target price (up from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. Finally, Jefferies Financial Group cut their target price on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average price target of $113.50.

Get Our Latest Report on CHRW

C.H. Robinson Worldwide Stock Down 1.2%

Shares of C.H. Robinson Worldwide stock traded down $1.18 on Friday, hitting $97.96. The company had a trading volume of 478,230 shares, compared to its average volume of 1,301,783. The firm has a market capitalization of $11.63 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.61 and a beta of 0.89. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.24 and a twelve month high of $114.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50-day moving average of $94.67 and a 200-day moving average of $97.73.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 earnings per share. Research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

C.H. Robinson Worldwide Profile

(Free Report)

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.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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