UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 16,068 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• UBS Asset Management increased its stake in C.H. Robinson Worldwide by 1.1%, owning 1,415,669 shares worth approximately $144.97 million.
• Insider sales occurred recently, with manager Angela K. Freeman selling 5,713 shares for over $664,000 and Arun Rajan selling 2,500 shares for around $304,000.
• C.H. Robinson reported earnings of $1.29 per share, exceeding estimates, while experiencing a 7.7% revenue decline year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,415,669 shares of the transportation company's stock after acquiring an additional 16,068 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.19% of C.H. Robinson Worldwide worth $144,965,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CHRW. Boston Partners acquired a new position in C.H. Robinson Worldwide during the first quarter worth $234,304,000. Allianz Asset Management GmbH lifted its stake in C.H. Robinson Worldwide by 144.4% in the first quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock valued at $80,292,000 after acquiring an additional 463,216 shares during the last quarter. GAMMA Investing LLC lifted its stake in C.H. Robinson Worldwide by 7,706.1% in the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after acquiring an additional 449,034 shares during the last quarter. Nuveen LLC acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at $40,825,000. Finally, Northern Trust Corp lifted its stake in C.H. Robinson Worldwide by 30.3% in the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after acquiring an additional 396,264 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded up $1.96 during trading hours on Thursday, reaching $137.05. 708,267 shares of the stock were exchanged, compared to its average volume of 1,355,970. The company has a market cap of $16.18 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 2.10 and a beta of 0.87. 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 twelve month low of $84.68 and a twelve month high of $137.81. The stock has a 50 day moving average of $116.86 and a two-hundred day moving average of $102.71.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. Equities analysts expect 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. 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 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide's payout ratio is 56.49%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the transaction, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the transaction, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,577 shares of company stock worth $1,714,544. Company insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Citigroup increased their price objective on shares of 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. Bank of America increased their price objective on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Stifel Nicolaus increased their price objective on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, UBS Group reissued a "buy" rating and issued a $133.00 price objective (up from $129.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.