Northern Trust Corp Grows Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Northern Trust Corp increased its stake in C.H. Robinson Worldwide by 30.3%, acquiring an additional 396,264 shares, bringing its total holdings to approximately 1.43% of the company, valued at $174.4 million.
• Several institutional investors have also modified their positions, with NewEdge Advisors significantly increasing its holdings by 827.3% in the last quarter.
• Wall Street analysts are optimistic about C.H. Robinson Worldwide, with the stock receiving a variety of ratings and an average price target of $116.33, reflecting a strong buy sentiment.

Northern Trust Corp boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 30.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,703,059 shares of the transportation company's stock after buying an additional 396,264 shares during the quarter. Northern Trust Corp owned 1.43% of C.H. Robinson Worldwide worth $174,393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CHRW. NewEdge Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 827.3% during the fourth quarter. NewEdge Advisors LLC now owns 5,258 shares of the transportation company's stock worth $543,000 after purchasing an additional 4,691 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 28.8% during the fourth quarter. GeoWealth Management LLC now owns 1,070 shares of the transportation company's stock worth $111,000 after purchasing an additional 239 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of C.H. Robinson Worldwide by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 903,406 shares of the transportation company's stock worth $93,343,000 after purchasing an additional 4,058 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide by 2.5% during the fourth quarter. MetLife Investment Management LLC now owns 31,247 shares of the transportation company's stock worth $3,228,000 after purchasing an additional 774 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in shares of C.H. Robinson Worldwide by 34.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 47,891 shares of the transportation company's stock worth $4,948,000 after purchasing an additional 12,334 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Up 1.9%

Shares of CHRW stock traded up $2.38 during trading hours on Friday, reaching $125.18. 1,577,441 shares of the company's stock were exchanged, compared to its average volume of 1,671,120. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $126.85. The stock has a market cap of $14.78 billion, a PE ratio of 28.51, a PEG ratio of 1.96 and a beta of 0.86. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock's fifty day moving average price is $104.78 and its two-hundred day moving average price is $99.01.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The company's revenue was down 7.7% on a year-over-year basis. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.0%. C.H. Robinson Worldwide's payout ratio is presently 56.49%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider owned 130,591 shares in the company, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the company's stock in a transaction that occurred 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 owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,577 shares of company stock worth $1,714,544. Insiders own 0.91% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CHRW. TD Securities lifted their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Susquehanna restated a "positive" rating and issued a $120.00 price objective (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. UBS Group restated a "buy" rating and issued a $133.00 price objective (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Baird R W upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Finally, Evercore ISI decreased their price objective on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $117.24.

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.