M&T Bank Corp Purchases 9,014 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• M&T Bank Corp boosted its stake in C.H. Robinson by 123.4% in Q4, buying 9,014 shares to hold 16,319 shares valued at about $2.623 million.
• Insiders Michael John Short and Angela K. Freeman sold 6,368 and 8,579 shares respectively in February—reducing their positions by roughly 10.9% and 13.4—with the two transactions totaling about $3.0 million.
• C.H. Robinson declared a quarterly dividend of $0.63 (annual $2.52, yield 1.5%; ex-dividend June 5, pay July 2), while analysts maintain a consensus "Moderate Buy" with an average price target of $192.27.

M&T Bank Corp grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 123.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,319 shares of the transportation company's stock after purchasing an additional 9,014 shares during the period. M&T Bank Corp's holdings in C.H. Robinson Worldwide were worth $2,623,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in C.H. Robinson Worldwide by 3.6% during the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company's stock worth $273,000 after purchasing an additional 59 shares during the last quarter. Brendel Financial Advisors LLC lifted its stake in C.H. Robinson Worldwide by 2.2% during the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company's stock worth $466,000 after purchasing an additional 61 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in C.H. Robinson Worldwide by 2.8% during the third quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company's stock worth $338,000 after purchasing an additional 69 shares during the last quarter. Private Trust Co. NA lifted its stake in C.H. Robinson Worldwide by 7.1% during the fourth quarter. Private Trust Co. NA now owns 1,099 shares of the transportation company's stock worth $177,000 after purchasing an additional 73 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in C.H. Robinson Worldwide by 16.7% during the third quarter. UMB Bank n.a. now owns 656 shares of the transportation company's stock worth $87,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,368 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the transaction, the insider owned 52,101 shares in the company, valued at $10,487,931.30. The trade was a 10.89% 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 Angela K. Freeman sold 8,579 shares of the business's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $200.52, for a total value of $1,720,261.08. Following the transaction, the insider owned 55,611 shares in the company, valued at approximately $11,151,117.72. This represents a 13.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have bought 2,422 shares of company stock worth $400,801 over the last 90 days. 0.37% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group set a $160.00 price target on C.H. Robinson Worldwide in a research note on Thursday, January 29th. BMO Capital Markets reiterated a "market perform" rating and issued a $180.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Citigroup lifted their price objective on C.H. Robinson Worldwide from $191.00 to $199.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Bank of America decreased their price objective on C.H. Robinson Worldwide from $225.00 to $219.00 and set a "buy" rating on the stock in a report on Friday, March 27th. Finally, Wolfe Research reiterated an "outperform" rating and issued a $188.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Sixteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.27.

C.H. Robinson Worldwide Stock Up 1.6%

CHRW opened at $171.37 on Friday. The company has a market cap of $20.20 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.69 and a beta of 0.94. The business's 50-day moving average price is $175.07 and its 200-day moving average price is $168.24. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12 month low of $87.41 and a 12 month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 earnings per share. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.07 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide's payout ratio is currently 51.01%.

C.H. Robinson Worldwide Company 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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