Amundi Sells 186,817 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Amundi reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 399,690 shares of the transportation company’s stock after selling 186,817 shares during the period. Amundi owned about 0.34% of C.H. Robinson Worldwide worth $39,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Vanguard Group Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 0.4% during the second quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock worth $1,404,989,000 after purchasing an additional 56,549 shares during the period. Boston Partners raised its position in shares of C.H. Robinson Worldwide by 53.0% in the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after purchasing an additional 1,218,968 shares during the last quarter. Invesco Ltd. increased its position in shares of C.H. Robinson Worldwide by 5.1% during the second quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock valued at $230,563,000 after acquiring an additional 117,222 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of C.H. Robinson Worldwide by 78.3% during the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after buying an additional 884,160 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in C.H. Robinson Worldwide by 11.3% during the 2nd quarter. ProShare Advisors LLC now owns 1,775,758 shares of the transportation company’s stock valued at $170,384,000 after buying an additional 180,635 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.6%

NASDAQ CHRW opened at $152.52 on Wednesday. The company has a market cap of $18.02 billion, a P/E ratio of 30.94, a P/E/G ratio of 2.10 and a beta of 0.90. The business has a fifty day moving average price of $143.70 and a 200 day moving average price of $122.46. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $162.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59.

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 the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.12%.

Analyst Ratings Changes

CHRW has been the topic of several recent research reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $135.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Morgan Stanley increased their price target on C.H. Robinson Worldwide from $77.00 to $85.00 and gave the stock an “underweight” rating in a report on Monday. The Goldman Sachs Group increased their price target on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.35.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the sale, the insider owned 34,046 shares of the company’s stock, valued at $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is currently owned by 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.