M&T Bank Corp Purchases 144 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

M&T Bank Corp lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,713 shares of the transportation company’s stock after purchasing an additional 144 shares during the quarter. M&T Bank Corp’s holdings in C.H. Robinson Worldwide were worth $892,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of C.H. Robinson Worldwide by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock worth $15,248,000 after purchasing an additional 6,889 shares during the last quarter. Amalgamated Bank grew its holdings in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock worth $2,365,000 after acquiring an additional 432 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in C.H. Robinson Worldwide by 4.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company’s stock worth $877,000 after acquiring an additional 340 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in C.H. Robinson Worldwide during the 1st quarter worth about $206,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company’s stock worth $2,573,000 after acquiring an additional 589 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 5,700 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider directly owned 71,441 shares of the company’s stock, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $98.02 on Tuesday. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $114.82. The firm has a fifty day moving average of $95.60 and a 200-day moving average of $97.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.15. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is presently 59.33%.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. TD Securities increased their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Jefferies Financial Group dropped their price target on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Robert W. Baird began coverage on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $105.00 price objective on the stock. Susquehanna reiterated a “positive” rating and set a $120.00 target price (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. Finally, Bank of America upped their target price on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.29.

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.