Baird Financial Group Inc. Decreases Stake in C.H. Robinson Worldwide, Inc. $CHRW

Baird Financial Group Inc. reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,035 shares of the transportation company’s stock after selling 2,158 shares during the period. Baird Financial Group Inc.’s holdings in C.H. Robinson Worldwide were worth $1,028,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake 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 valued at $1,493,645,000 after purchasing an additional 51,207 shares in the last quarter. Boston Partners acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $234,304,000. Invesco Ltd. raised its stake in shares of C.H. Robinson Worldwide by 8.4% in the 1st quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company’s stock valued at $234,058,000 after purchasing an additional 176,374 shares in the last quarter. Northern Trust Corp raised its stake in shares of C.H. Robinson Worldwide by 30.3% in the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock valued at $174,393,000 after purchasing an additional 396,264 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of C.H. Robinson Worldwide by 25.8% in the 4th quarter. Deutsche Bank AG now owns 938,407 shares of the transportation company’s stock valued at $96,956,000 after purchasing an additional 192,744 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the business’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 completion of the transaction, the insider directly owned 130,591 shares of the company’s stock, valued at $15,898,148.34. The trade was a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the sale, the insider owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock valued at $1,714,544 in the last ninety days. Company insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CHRW shares. Wells Fargo & Company upped their target price 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. JPMorgan Chase & Co. upped their target price on shares of 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. Barclays reaffirmed an “underweight” rating and set a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Baird R W raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Finally, UBS Group reaffirmed a “buy” rating and set a $133.00 price objective (up previously 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.24.

C.H. Robinson Worldwide Trading Down 0.2%

C.H. Robinson Worldwide stock opened at $125.90 on Tuesday. 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 firm has a 50-day moving average price of $112.22 and a two-hundred day moving average price of $101.21. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.98 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $131.17.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. C.H. Robinson Worldwide’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 EPS. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is presently 56.49%.

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.