Alberta Investment Management Corp Sells 5,000 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Alberta Investment Management Corp lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 498,679 shares of the transportation company’s stock after selling 5,000 shares during the quarter. C.H. Robinson Worldwide accounts for about 0.5% of Alberta Investment Management Corp’s investment portfolio, making the stock its 19th biggest holding. Alberta Investment Management Corp owned 0.42% of C.H. Robinson Worldwide worth $47,848,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. New York State Teachers Retirement System increased its position in shares of C.H. Robinson Worldwide by 12.8% in the 2nd quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock valued at $9,666,000 after acquiring an additional 11,443 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in C.H. Robinson Worldwide by 118.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,905 shares of the transportation company’s stock valued at $3,472,000 after purchasing an additional 18,390 shares during the last quarter. Vest Financial LLC increased its holdings in shares of C.H. Robinson Worldwide by 16.3% in the second quarter. Vest Financial LLC now owns 589,485 shares of the transportation company’s stock valued at $56,561,000 after purchasing an additional 82,609 shares during the period. Intech Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 44.2% in the first quarter. Intech Investment Management LLC now owns 29,728 shares of the transportation company’s stock worth $3,044,000 after purchasing an additional 9,115 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in C.H. Robinson Worldwide by 30.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 320,884 shares of the transportation company’s stock worth $30,789,000 after buying an additional 75,212 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 49,884 shares of the 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 transaction, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $152.80 on Friday. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 30.99, 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 current ratio of 1.31 and a quick ratio of 1.31. The business has a 50-day moving average of $135.77 and a 200 day moving average of $114.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $158.70.

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

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Evercore ISI increased their price target on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a report on Wednesday, October 8th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.00.

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.