Prudential PLC Has $757,000 Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• Prudential PLC increased its stake in C.H. Robinson Worldwide by 139.2% in Q1, acquiring 4,303 additional shares, leading to a total valuation of $757,000 in recent filings.
• Various hedge funds have also invested in C.H. Robinson, with significant increases in holdings by multiple investors, indicating strong institutional interest as 93.15% of the stock is owned by institutional investors.
• C.H. Robinson reported an EPS of $1.29 for the last quarter, surpassing analysts' expectations, but revenue decreased 7.7% year-over-year despite a strong return on equity of 35.01%.

Prudential PLC increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 139.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,395 shares of the transportation company's stock after purchasing an additional 4,303 shares during the period. Prudential PLC's holdings in C.H. Robinson Worldwide were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CHRW. North Capital Inc. acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $27,000. First Financial Corp IN acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $31,000. AdvisorNet Financial Inc raised its holdings in C.H. Robinson Worldwide by 252.1% in the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after acquiring an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in C.H. Robinson Worldwide by 31.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after acquiring an additional 116 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHRW. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Tuesday, July 1st. TD Securities lifted their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Bank of America lifted their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a report on Friday, May 16th. Susquehanna reiterated a "positive" rating and issued a $120.00 price target (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. Finally, Citigroup lifted their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $116.33.

C.H. Robinson Worldwide Trading Down 0.2%

NASDAQ CHRW opened at $121.24 on Friday. The business's 50-day moving average price is $101.97 and its two-hundred day moving average price is $98.21. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $122.05. The firm has a market capitalization of $14.32 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.91 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.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating 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 firm 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 company posted $1.15 EPS. The business's revenue was down 7.7% on a year-over-year basis. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Angela K. Freeman sold 5,713 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

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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