Franklin Resources Inc. Sells 10,630 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Franklin Resources Inc. cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,507 shares of the transportation company’s stock after selling 10,630 shares during the quarter. Franklin Resources Inc. owned 0.10% of C.H. Robinson Worldwide worth $10,891,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $32,000. FNY Investment Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $38,000. Cullen Frost Bankers Inc. lifted its holdings in C.H. Robinson Worldwide by 203.4% during the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $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 bought a new position in C.H. Robinson Worldwide in the 1st quarter valued at $51,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.4%

Shares of CHRW stock opened at $158.96 on Friday. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 1.79 and a beta of 0.88. The company’s fifty day simple moving average is $140.32 and its two-hundred day simple moving average is $119.41. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $160.30. 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 (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be given a dividend of $0.63 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the sale, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the insider directly owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the topic of several research reports. UBS Group lifted their price objective on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Morgan Stanley lifted 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 report on Thursday, October 30th. Wells Fargo & Company upped their price objective on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Benchmark reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Finally, Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and boosted their target price for the company from $134.00 to $148.00 in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.