Park Avenue Securities LLC Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Park Avenue Securities LLC has acquired 3,900 shares of C.H. Robinson Worldwide, valued at approximately $374,000, indicating growing institutional interest in the company.
• Insider transactions reported significant stock sales, with Arun Rajan and Michael John Short selling 2,500 and 6,364 shares respectively, leading to a decrease in their ownership positions.
• The company is performing well financially, having reported $1.29 EPS for the last quarter, surpassing analysts' expectations, despite a revenue decline compared to the previous year.

Park Avenue Securities LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,900 shares of the transportation company's stock, valued at approximately $374,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. grew its position in C.H. Robinson Worldwide by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company's stock valued at $15,248,000 after purchasing an additional 6,889 shares during the last quarter. Amalgamated Bank grew its position in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock valued at $2,365,000 after purchasing an additional 432 shares during the last quarter. Assenagon Asset Management S.A. grew its position in C.H. Robinson Worldwide by 4.1% during the 1st 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 during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at about $206,000. Finally, M&T Bank Corp grew its position in C.H. Robinson Worldwide by 1.7% during the 1st 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 during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,577 shares of company stock worth $1,714,544. Company insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHRW. 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. JPMorgan Chase & Co. raised their price target on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the company a "positive" rating in a report on Wednesday, September 24th. Stifel Nicolaus raised their price target on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $121.52.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $132.46 on Wednesday. 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 company has a market cap of $15.64 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 2.07 and a beta of 0.87. The company's 50 day moving average is $123.25 and its 200 day moving average is $104.93. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. The company had revenue of $4.14 billion for 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 firm's revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 earnings per share. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 56.49%.

About C.H. Robinson Worldwide

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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