TD Waterhouse Canada Inc. Sells 16,468 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• TD Waterhouse Canada cut its C.H. Robinson Worldwide position by 98.8% in the second quarter, selling 16,468 shares and retaining 200 shares worth approximately $38,000. Institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $196.56, despite targets ranging from $152 to $237.
• C.H. Robinson reported strong quarterly results, including $1.61 in adjusted EPS and $4.93 billion in revenue, representing 19.3% year-over-year growth. The company also declared a quarterly dividend of $0.63 per share, yielding about 1.6% annually.

TD Waterhouse Canada Inc. lessened its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 98.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200 shares of the transportation company's stock after selling 16,468 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in C.H. Robinson Worldwide were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. NEOS Investment Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 17.3% during the 2nd quarter. NEOS Investment Management LLC now owns 19,866 shares of the transportation company's stock worth $3,742,000 after acquiring an additional 2,935 shares during the period. Continuum Advisory LLC bought a new position in C.H. Robinson Worldwide during the second quarter worth about $27,000. Nykredit A S bought a new position in C.H. Robinson Worldwide during the second quarter worth about $7,805,000. Rehmann Capital Advisory Group boosted its holdings in C.H. Robinson Worldwide by 9.9% during the second quarter. Rehmann Capital Advisory Group now owns 2,349 shares of the transportation company's stock valued at $443,000 after purchasing an additional 212 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its stake in shares of C.H. Robinson Worldwide by 17.6% in the 2nd quarter. Hennessy Advisors Inc. now owns 338,638 shares of the transportation company's stock valued at $63,779,000 after purchasing an additional 50,638 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Susquehanna raised their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. Evercore reiterated an "outperform" rating and set a $237.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a report on Thursday, July 30th. Citigroup upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and reduced their target price for the company from $196.00 to $185.00 in a research note on Tuesday, September 8th. Finally, TD Cowen lowered their target price on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a "hold" rating on the stock in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.56.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $152.78 on Monday. The business has a fifty day moving average price of $164.59 and a 200 day moving average price of $172.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 1.29 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The business's revenue for the quarter was up 19.3% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide, Inc. will post 6.18 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 Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 48.09%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

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