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

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in C.H. Robinson Worldwide by 0.4% in the first quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company's stock valued at $1,493,645,000 after purchasing an additional 51,207 shares during the period. Boston Partners acquired a new position in C.H. Robinson Worldwide in the first quarter valued at $234,304,000. Invesco Ltd. increased its stake in C.H. Robinson Worldwide by 8.4% in the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company's stock valued at $234,058,000 after purchasing an additional 176,374 shares during the period. Northern Trust Corp increased its stake in C.H. Robinson Worldwide by 30.3% in the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after purchasing an additional 396,264 shares during the period. Finally, Deutsche Bank AG increased its stake in C.H. Robinson Worldwide by 25.8% in the fourth quarter. Deutsche Bank AG now owns 938,407 shares of the transportation company's stock valued at $96,956,000 after purchasing an additional 192,744 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were 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 of the company's stock, valued at $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. This trade represents a 1.88% 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 valued at $1,714,544. Corporate insiders own 1.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CHRW shares. Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Bank of America lifted their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Citigroup lifted their target price on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price 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. Finally, Susquehanna reaffirmed a "positive" rating and issued a $120.00 target price (up previously from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.24.

C.H. Robinson Worldwide Price Performance

CHRW stock traded down $0.59 during trading on Friday, reaching $128.70. 2,265,048 shares of the company were exchanged, compared to its average volume of 1,491,236. The company has a market cap of $15.20 billion, a P/E ratio of 29.32, a PEG ratio of 2.02 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $131.17. The stock's 50 day moving average price is $108.23 and its 200 day moving average price is $100.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

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 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 earnings per share. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend 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 payout ratio is currently 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.