Robeco Institutional Asset Management B.V. Sells 46,364 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in C.H. Robinson by 58.7%, selling 46,364 shares and now holding 32,651 shares valued at approximately $3.13 million.
• C.H. Robinson reported a 7.7% year-over-year revenue decline for the most recent quarter, earning $1.29 per share, surpassing expectations of $1.17.
• The company announced a quarterly dividend of $0.62 per share, resulting in an annualized yield of 1.8%.

Robeco Institutional Asset Management B.V. reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 58.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,651 shares of the transportation company's stock after selling 46,364 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in C.H. Robinson Worldwide were worth $3,133,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in C.H. Robinson Worldwide by 0.4% during 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 buying an additional 51,207 shares in the last quarter. Boston Partners bought a new position in C.H. Robinson Worldwide during the first quarter valued at about $234,304,000. Invesco Ltd. raised its holdings in C.H. Robinson Worldwide by 8.4% during the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company's stock valued at $234,058,000 after buying an additional 176,374 shares in the last quarter. Northern Trust Corp raised its holdings in C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after buying an additional 396,264 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in C.H. Robinson Worldwide by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company's stock valued at $144,965,000 after buying an additional 16,068 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.8%

CHRW stock opened at $134.36 on Tuesday. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $138.00. The company has a market cap of $15.87 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.87 and a beta of 0.90. The business's 50-day simple moving average is $125.83 and its 200 day simple moving average is $105.93. The company has a quick ratio of 1.31, a current 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 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 the consensus estimate of $4.16 billion. During the same period last year, the business earned $1.15 earnings per share. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, research 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 56.49%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CHRW. Evercore ISI raised their target price on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Robert W. Baird raised C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research report on Thursday, July 31st. Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $127.00 to $155.00 and gave the company an "overweight" rating in a research report on Monday. Citigroup raised their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price target on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.52.

Insider Buying and Selling

In related news, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction dated 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 directly owned 60,401 shares of the company's stock, valued at $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock valued at $1,714,544 over the last three months. 0.91% of the stock is owned by corporate insiders.

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.

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