First Citizens Bank & Trust Co. Buys 131 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

First Citizens Bank & Trust Co. raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,422 shares of the transportation company’s stock after purchasing an additional 131 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in C.H. Robinson Worldwide were worth $1,579,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CHRW. Wedge Capital Management L L P NC increased its position in shares of C.H. Robinson Worldwide by 6.5% during the first quarter. Wedge Capital Management L L P NC now owns 51,065 shares of the transportation company’s stock valued at $5,229,000 after buying an additional 3,132 shares during the period. Gateway Investment Advisers LLC boosted its position in C.H. Robinson Worldwide by 12.1% during the 1st quarter. Gateway Investment Advisers LLC now owns 6,563 shares of the transportation company’s stock valued at $672,000 after acquiring an additional 707 shares in the last quarter. Matrix Trust Co grew its holdings in shares of C.H. Robinson Worldwide by 51.1% during the 1st quarter. Matrix Trust Co now owns 1,393 shares of the transportation company’s stock worth $143,000 after acquiring an additional 471 shares during the period. First Financial Corp IN bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $31,000. Finally, Pioneer Wealth Management Group purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $205,000. 93.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,700 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares of the company’s stock, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Trading Down 0.1%

NASDAQ:CHRW opened at $95.74 on Tuesday. The company has a 50 day simple moving average of $92.99 and a two-hundred day simple moving average of $99.35. The company has a market cap of $11.37 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.90. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 12 month low of $82.16 and a 12 month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down 8.3% compared to the same quarter last year. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 59.33%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent research reports. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Evercore ISI lowered their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Jefferies Financial Group dropped their price target on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.29.

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.