Aviva PLC Buys 11,720 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Aviva PLC increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 14.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,701 shares of the transportation company’s stock after purchasing an additional 11,720 shares during the quarter. Aviva PLC owned 0.08% of C.H. Robinson Worldwide worth $8,991,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $32,000. FNY Investment Advisers LLC purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at $38,000. Cullen Frost Bankers Inc. lifted its holdings in C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 299 shares during the period. National Pension Service boosted its position in C.H. Robinson Worldwide by 74.4% in the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after purchasing an additional 183 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new position in C.H. Robinson Worldwide in the first quarter worth about $51,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Thursday, July 31st. Morgan Stanley increased their price target on shares of C.H. Robinson Worldwide from $71.00 to $77.00 and gave the stock an “underweight” rating in a research report on Thursday, October 30th. Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Barclays raised their target price on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

C.H. Robinson Worldwide Stock Up 1.5%

CHRW opened at $152.99 on Thursday. The stock has a market cap of $18.07 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The firm’s fifty day moving average is $134.76 and its 200 day moving average is $114.05. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was down 10.9% on a year-over-year basis. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s payout ratio is presently 51.12%.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the transaction, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider owned 65,728 shares in the company, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 97,650 shares of company stock worth $14,639,336 in the last three months. 1.47% of the stock is owned by company insiders.

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.