Lbp Am Sa Sells 3,686 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

LBP AM SA trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,559 shares of the transportation company's stock after selling 3,686 shares during the period. LBP AM SA owned approximately 0.09% of C.H. Robinson Worldwide worth $10,502,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of C.H. Robinson Worldwide by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock worth $1,501,774,000 after purchasing an additional 251,943 shares during the last quarter. Geode Capital Management LLC boosted its stake in C.H. Robinson Worldwide by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock worth $326,549,000 after buying an additional 64,019 shares in the last quarter. Wellington Management Group LLP boosted its stake in C.H. Robinson Worldwide by 25.7% in the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock worth $299,582,000 after buying an additional 593,211 shares in the last quarter. FMR LLC boosted its stake in C.H. Robinson Worldwide by 11.1% in the fourth quarter. FMR LLC now owns 2,842,962 shares of the transportation company's stock worth $293,735,000 after buying an additional 285,171 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in C.H. Robinson Worldwide by 0.9% in the fourth quarter. Invesco Ltd. now owns 2,109,349 shares of the transportation company's stock worth $217,938,000 after buying an additional 18,856 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Trading Down 1.4%

CHRW stock traded down $1.44 on Friday, reaching $99.40. The company's stock had a trading volume of 776,796 shares, compared to its average volume of 1,294,280. The business has a fifty day simple moving average of $95.60 and a two-hundred day simple moving average of $97.49. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $114.82. The firm has a market cap of $11.80 billion, a PE ratio of 23.78, a PEG ratio of 1.63 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The firm'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. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were issued a $0.62 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.49%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 59.33%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CHRW shares. Baird R W raised C.H. Robinson Worldwide to a "hold" rating in a research note on Tuesday, July 1st. Raymond James Financial cut their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Robert W. Baird started coverage on C.H. Robinson Worldwide in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $105.00 target price for the company. Citigroup upped their target price on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, TD Securities upped their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average target price of $114.29.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Company 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.