C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Perpetual Ltd

Perpetual Ltd raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,033 shares of the transportation company’s stock after acquiring an additional 112 shares during the quarter. Perpetual Ltd’s holdings in C.H. Robinson Worldwide were worth $483,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Boston Partners acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $234,304,000. Allianz Asset Management GmbH raised its stake in C.H. Robinson Worldwide by 144.4% in the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company’s stock valued at $80,292,000 after purchasing an additional 463,216 shares during the last quarter. GAMMA Investing LLC raised its stake in C.H. Robinson Worldwide by 7,706.1% in the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company’s stock valued at $46,578,000 after purchasing an additional 449,034 shares during the last quarter. Nuveen LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $40,825,000. Finally, Northern Trust Corp raised its position in shares of 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 buying an additional 396,264 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Arun Rajan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the sale, the insider owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock worth $1,714,544 over the last quarter. Corporate insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $136.07 on Monday. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $138.00. The company has a market cap of $16.07 billion, a P/E ratio of 31.00, a PEG ratio of 2.13 and a beta of 0.87. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $118.31 and a two-hundred day moving average of $103.30.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion during 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 company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 earnings per share. As a group, analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is presently 56.49%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHRW. Barclays reiterated an “underweight” rating and issued a $95.00 price target (up from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Citigroup upped 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. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus upped 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 note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.