4,869 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Wright Investors Service Inc.

Key Points

• Wright Investors Service Inc. has invested $467,000 in C.H. Robinson Worldwide, Inc., acquiring 4,869 shares in the company during the 2nd quarter.
• C.H. Robinson reported $1.29 EPS for the last quarter, beating analysts' estimates, but its revenue of $4.14 billion was down 7.7% year-over-year.
• The company recently announced a quarterly dividend of $0.62 per share, translating to an annualized yield of 1.8% and a payout ratio of 56.49%.

Wright Investors Service Inc. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,869 shares of the transportation company's stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHRW. Vanguard Group Inc. raised its position in shares of C.H. Robinson Worldwide by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company's stock worth $1,493,645,000 after acquiring an additional 51,207 shares in the last quarter. Boston Partners purchased a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $234,304,000. Invesco Ltd. grew its position in C.H. Robinson Worldwide by 8.4% in the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company's stock worth $234,058,000 after acquiring an additional 176,374 shares in the last quarter. Northern Trust Corp grew its position 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 worth $174,393,000 after acquiring an additional 396,264 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of C.H. Robinson Worldwide by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company's stock valued at $144,965,000 after buying an additional 16,068 shares during the period. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $2.09 on Monday, hitting $133.98. The company's stock had a trading volume of 2,036,956 shares, compared to its average volume of 1,384,310. The stock has a 50 day moving average of $118.31 and a 200-day moving average of $103.30. 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 has a market capitalization of $15.82 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 2.13 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $138.00.

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 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $4.16 billion. During the same quarter in the prior year, the business 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. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio is presently 56.49%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CHRW. Stifel Nicolaus boosted their price target on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Susquehanna reaffirmed 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. UBS Group reissued a "buy" rating and set a $133.00 target price (up from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. TD Cowen increased their price objective on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $117.24.

Insider Activity

In related news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider owned 65,728 shares of the company's stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction dated 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 directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is currently owned by company insiders.

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.