Aberdeen Group plc Sells 71,811 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Aberdeen Group plc trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 51.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,877 shares of the transportation company’s stock after selling 71,811 shares during the quarter. Aberdeen Group plc owned 0.06% of C.H. Robinson Worldwide worth $8,855,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CHRW. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.4% in 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 last quarter. State Street Corp raised its holdings in shares of C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after purchasing an additional 397,177 shares during the last quarter. Boston Partners increased its position in shares of C.H. Robinson Worldwide by 53.0% during the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after purchasing an additional 1,218,968 shares during the last quarter. Invesco Ltd. increased its position in C.H. Robinson Worldwide by 5.1% in the second quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock worth $230,563,000 after buying an additional 117,222 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in C.H. Robinson Worldwide by 78.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after buying an additional 884,160 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,579 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $200.52, for a total value of $1,720,261.08. Following the sale, the insider directly owned 55,611 shares in the company, valued at $11,151,117.72. This trade represents a 13.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David P. Bozeman purchased 1,223 shares of the stock in a transaction dated Thursday, February 12th. The shares were acquired at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the acquisition, the chief executive officer directly owned 190,600 shares of the company’s stock, valued at approximately $31,132,604. This trade represents a 0.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Down 0.4%

Shares of C.H. Robinson Worldwide stock opened at $185.19 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm has a market cap of $21.97 billion, a P/E ratio of 38.34, a P/E/G ratio of 1.96 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $203.34. The business has a 50-day moving average price of $175.62 and a 200 day moving average price of $150.08.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was down 6.5% 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is currently 52.17%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Benchmark upped their price target on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Loop Capital set a $206.00 price target on C.H. Robinson Worldwide in a research note on Monday, February 2nd. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $200.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $181.29.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.