Banco Bilbao Vizcaya Argentaria S.A. Has $2.50 Million Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,082 shares of the transportation company’s stock after selling 628 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in C.H. Robinson Worldwide were worth $2,503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in C.H. Robinson Worldwide by 0.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 54,749 shares of the transportation company’s stock valued at $5,606,000 after purchasing an additional 221 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of C.H. Robinson Worldwide by 43.2% in the first quarter. Wealthfront Advisers LLC now owns 2,773 shares of the transportation company’s stock valued at $284,000 after buying an additional 836 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of C.H. Robinson Worldwide by 128.6% in the first quarter. Victory Capital Management Inc. now owns 142,164 shares of the transportation company’s stock valued at $14,558,000 after buying an additional 79,963 shares during the last quarter. Copperwynd Financial LLC acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth about $209,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in C.H. Robinson Worldwide by 5.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 9,137 shares of the transportation company’s stock worth $936,000 after buying an additional 445 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $152.80 on Monday. The stock has a market cap of $18.05 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The stock has a 50-day moving average of $135.77 and a 200-day moving average of $115.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the firm earned $1.28 EPS. C.H. Robinson Worldwide’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend 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 yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is presently 51.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CHRW shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group raised their price target on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Morgan Stanley upped their price objective on C.H. Robinson Worldwide from $71.00 to $77.00 and gave the stock an “underweight” rating in a report on Thursday, October 30th. TD Cowen increased their price objective on C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Activity

In other news, insider Michael D. Castagnetto sold 45,266 shares of the company’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 value of $6,866,852.20. Following the completion of the transaction, the insider owned 34,046 shares in the company, valued at $5,164,778.20. This represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of the business’s 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 directly owned 65,728 shares in the company, valued at $9,840,138.88. This 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 corporate insiders.

About C.H. Robinson Worldwide

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.