Strs Ohio Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Strs Ohio has made a new investment of approximately $1.88 million in C.H. Robinson Worldwide, buying 18,319 shares of the transportation company's stock.
• C.H. Robinson Worldwide reported a quarterly EPS of $1.29, surpassing analysts' expectations of $1.17, despite a 7.7% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.62, with an annualized yield of 1.9%, reflecting a payout ratio of 56.49%.

Strs Ohio purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,319 shares of the transportation company's stock, valued at approximately $1,876,000.

Several other large investors have also recently added to or reduced their stakes in CHRW. North Capital Inc. bought a new position in C.H. Robinson Worldwide during the first quarter valued at about $25,000. NBC Securities Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $27,000. First Financial Corp IN bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $31,000. WPG Advisers LLC bought a new position in C.H. Robinson Worldwide in the 1st quarter valued at $32,000. Finally, AdvisorNet Financial Inc increased its stake 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 buying an additional 300 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $0.25 during mid-day trading on Friday, hitting $136.84. 1,176,821 shares of the company's stock traded hands, compared to its average volume of 1,361,158. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The company's 50-day moving average is $117.58 and its two-hundred day moving average is $102.96. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $138.00. The company has a market capitalization of $16.16 billion, a P/E ratio of 31.16, a PEG ratio of 2.12 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating 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 company 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 company posted $1.15 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's payout ratio is 56.49%.

Insider Activity

In other news, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction 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 approximately $15,898,148.34. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael John Short sold 6,364 shares of the company's stock in a transaction 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 transaction, the insider 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. In the last three months, insiders have sold 14,577 shares of company stock valued at $1,714,544. Company insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHRW. Citigroup boosted their target price on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. TD Cowen increased their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. UBS Group restated a "buy" rating and set a $133.00 price objective (up previously from $129.00) on shares of C.H. Robinson Worldwide in a research note 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 on the stock in a research note on Tuesday, July 1st. Finally, Barclays reiterated an "underweight" rating and issued a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $117.24.

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.