Russell Investments Group Ltd. Lowers Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Russell Investments Group Ltd. has significantly reduced its stake in C.H. Robinson Worldwide, cutting its holdings by 62.8% to 70,648 shares, now valued at approximately $7.2 million.
• In the 1st quarter, other institutional investors such as Vanguard and Invesco also adjusted their stakes in C.H. Robinson, with Vanguard increasing its holdings by 0.4% and Invesco by 8.4%.
• C.H. Robinson announced a quarterly dividend of $0.62 per share, set to be paid on October 2nd, representing a dividend yield of 2.0%.

Russell Investments Group Ltd. reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 62.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,648 shares of the transportation company's stock after selling 119,060 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of C.H. Robinson Worldwide worth $7,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. North Capital Inc. acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $25,000. NBC Securities Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $27,000. First Financial Corp IN purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $31,000. AdvisorNet Financial Inc raised its holdings in C.H. Robinson Worldwide by 252.1% in the first 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 lifted its stake in C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after acquiring an additional 116 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares of the company's stock, valued at $7,081,413.24. This represents a 9.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the insider owned 130,591 shares in the company, valued at $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock worth $1,714,544 in the last quarter. Company insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wolfe Research raised shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research report on Tuesday, July 1st. UBS Group reiterated a "buy" rating and set a $133.00 target price (up previously from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Evercore ISI cut their price target on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Citigroup upped their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $117.24.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded up $1.23 during mid-day trading on Monday, reaching $126.41. 1,356,095 shares of the company's stock were exchanged, compared to its average volume of 1,671,120. The business's fifty day simple moving average is $105.43 and its 200-day simple moving average is $99.21. The stock has a market capitalization of $14.93 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.96 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 $126.85. 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 (NASDAQ:CHRW - Get Free Report) last issued its quarterly 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 net margin of 3.14% and a return on equity of 35.01%. The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the prior year, the business earned $1.15 EPS. C.H. Robinson Worldwide's quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared 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 dividend yield of 2.0%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

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.