C.H. Robinson Worldwide, Inc. $CHRW Stock Position Lessened by Royal Bank of Canada

Royal Bank of Canada cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,917 shares of the transportation company's stock after selling 26,237 shares during the quarter. Royal Bank of Canada owned approximately 0.21% of C.H. Robinson Worldwide worth $24,977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHRW. North Capital Inc. purchased a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $25,000. NBC Securities Inc. purchased a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $27,000. First Financial Corp IN purchased a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $31,000. WPG Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $32,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of 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 during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Arun Rajan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares of the company's stock, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the transaction, the insider directly owned 60,401 shares of the company's stock, 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. Over the last quarter, insiders sold 14,577 shares of company stock valued at $1,714,544. 1.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CHRW. Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Susquehanna reiterated a "positive" rating and issued a $120.00 price target (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Robert W. Baird upgraded C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Thursday, July 31st. Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average target price of $117.24.

C.H. Robinson Worldwide Stock Performance

CHRW traded up $1.39 during trading on Friday, reaching $132.41. 1,412,332 shares of the company were exchanged, compared to its average volume of 1,409,705. The stock has a market cap of $15.64 billion, a P/E ratio of 30.16, a PEG ratio of 2.05 and a beta of 0.87. The firm has a 50 day moving average of $114.70 and a 200 day moving average of $102.00. 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, Inc. has a 52 week low of $84.68 and a 52 week high of $132.92.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The firm's revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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 paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is presently 56.49%.

C.H. Robinson Worldwide Company 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.