Quantbot Technologies LP Sells 37,535 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Quantbot Technologies LP significantly reduced its holdings in C.H. Robinson Worldwide, Inc. by 81.7%, owning 8,411 shares valued at approximately $861,000 as of its most recent SEC filing.
• Analysts have raised the price targets for C.H. Robinson stock, with a consensus target of $117.24, reflecting a strong outlook as multiple firms upgraded their ratings.
• The company recently announced a quarterly dividend of $0.62, resulting in an annualized yield of 2.0%, with a payout ratio of 56.49%.

Quantbot Technologies LP cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 81.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,411 shares of the transportation company's stock after selling 37,535 shares during the period. Quantbot Technologies LP's holdings in C.H. Robinson Worldwide were worth $861,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHRW. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth $25,000. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth $27,000. First Financial Corp IN acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth $31,000. AdvisorNet Financial Inc increased its holdings in shares of C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after buying an additional 300 shares in the last quarter. Finally, National Pension Service increased its holdings in shares of C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company's stock worth $44,000 after buying an additional 183 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,577 shares of company stock valued at $1,714,544. 1.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Bank of America raised their target price on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. UBS Group restated a "buy" rating and set a $133.00 price objective (up from $129.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Evercore ISI reduced their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, Susquehanna restated 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 report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $117.24.

C.H. Robinson Worldwide Stock Down 0.8%

Shares of CHRW stock traded down $1.06 on Friday, reaching $128.24. 945,152 shares of the company were exchanged, compared to its average volume of 1,346,017. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.01 and a beta of 0.86. The company has a 50-day moving average of $107.51 and a 200-day moving average of $99.81. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $131.17.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released 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 analysts' expectations of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business's revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 EPS. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share 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. Investors of record on Friday, September 5th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 annualized dividend 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.