M&T Bank Corp Grows Position in C.H. Robinson Worldwide, Inc. $CHRW

M&T Bank Corp grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1,867.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,725 shares of the transportation company's stock after acquiring an additional 136,420 shares during the quarter. M&T Bank Corp owned about 0.12% of C.H. Robinson Worldwide worth $23,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company's stock valued at $716,423,000 after buying an additional 397,177 shares during the last quarter. Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company's stock worth $945,773,000 after acquiring an additional 4,751,034 shares during the last quarter. Boston Partners grew its stake in C.H. Robinson Worldwide by 6.1% in the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company's stock worth $494,372,000 after acquiring an additional 213,245 shares during the period. First Trust Advisors LP raised its holdings in C.H. Robinson Worldwide by 5.1% in the 3rd quarter. First Trust Advisors LP now owns 1,550,029 shares of the transportation company's stock valued at $205,224,000 after acquiring an additional 75,312 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in C.H. Robinson Worldwide by 68.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company's stock valued at $139,194,000 after acquiring an additional 427,543 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHRW shares. JPMorgan Chase & Co. raised their price objective on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an "overweight" rating in a report on Monday, January 12th. Raymond James Financial reaffirmed an "outperform" rating on shares of C.H. Robinson Worldwide in a research note on Monday. TD Cowen increased their price objective on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a "hold" rating in a report on Thursday, January 29th. Wells Fargo & Company boosted their target price on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, January 29th. Finally, Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a "positive" rating for the company in a research report on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell 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 $186.22.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Arun Rajan acquired 605 shares of the business's stock in a transaction on Thursday, February 12th. The shares were bought at an average cost of $167.11 per share, with a total value of $101,101.55. Following the completion of the transaction, the insider directly owned 133,656 shares of the company's stock, valued at $22,335,254.16. This trade represents a 0.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David P. Bozeman acquired 1,223 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 12th. The shares were bought at an average price of $163.34 per share, for a total transaction of $199,764.82. Following the purchase, the chief executive officer owned 190,600 shares of the company's stock, valued at $31,132,604. This represents a 0.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 2,422 shares of company stock worth $400,801 and sold 17,796 shares worth $3,555,415. 0.37% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Trading Up 0.8%

NASDAQ CHRW opened at $183.74 on Friday. The firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 1.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. C.H. Robinson Worldwide, Inc. has a one year low of $86.58 and a one year high of $203.34. The company's 50 day moving average price is $175.28 and its 200 day moving average price is $164.90.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was down 6.5% on a year-over-year basis. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 5.98 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, March 6th. C.H. Robinson Worldwide's dividend payout ratio is 52.17%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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