Lbp Am Sa Has $2.56 Million Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Lbp Am Sa has significantly reduced its holdings in C.H. Robinson Worldwide, Inc. by 73.9%, owning 26,719 shares valued at approximately $2.56 million after selling 75,840 shares in the second quarter.
• During the first quarter, multiple large investors, including Principal Financial Group Inc. and Amalgamated Bank, adjusted their positions, indicating increased institutional interest in C.H. Robinson.
• C.H. Robinson recently reported an earnings per share (EPS) of $1.29 for the last quarter, surpassing the consensus estimate and showing a year-over-year revenue decrease of 7.7%.

Lbp Am Sa lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 73.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,719 shares of the transportation company's stock after selling 75,840 shares during the quarter. Lbp Am Sa's holdings in C.H. Robinson Worldwide were worth $2,564,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of C.H. Robinson Worldwide by 4.9% during the first quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company's stock valued at $15,248,000 after acquiring an additional 6,889 shares during the period. Amalgamated Bank raised its holdings in shares of C.H. Robinson Worldwide by 1.9% during the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock valued at $2,365,000 after acquiring an additional 432 shares during the period. Assenagon Asset Management S.A. grew its position in C.H. Robinson Worldwide by 4.1% during the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock valued at $877,000 after purchasing an additional 340 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $206,000. Finally, M&T Bank Corp grew its position in C.H. Robinson Worldwide by 1.7% during the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company's stock valued at $892,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $134.77 on Friday. 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 company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 2.08 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00. The firm has a 50 day moving average of $124.52 and a two-hundred day moving average of $105.36.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $1.15 earnings per share. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide's payout ratio is presently 56.49%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,713 shares of the business's stock in a transaction 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 sale, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was 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 of the company's stock, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Robert W. Baird raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research report on Thursday, July 31st. UBS Group reaffirmed a "buy" rating and set a $133.00 price objective (up from $129.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Susquehanna set a $165.00 price objective on shares of C.H. Robinson Worldwide and gave the company a "positive" rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $124.62.

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.

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