Cullen Frost Bankers Inc. Boosts Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Cullen Frost Bankers Inc. raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 203.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 446 shares of the transportation company’s stock after purchasing an additional 299 shares during the period. Cullen Frost Bankers Inc.’s holdings in C.H. Robinson Worldwide were worth $43,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. North Capital Inc. purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $25,000. WPG Advisers LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $32,000. National Pension Service increased its position in C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 183 shares during the period. Ransom Advisory Ltd purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $51,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in C.H. Robinson Worldwide by 307.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on CHRW shares. Susquehanna set a $165.00 target price on shares of C.H. Robinson Worldwide and gave the company a “positive” rating in a research report on Wednesday, September 24th. Baird R W raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Wolfe Research raised shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research report on Tuesday, July 1st. Truist Financial set a $150.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of C.H. Robinson Worldwide from $126.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.05.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the sale, the insider owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,577 shares of company stock valued at $1,714,544. Insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.5%

Shares of C.H. Robinson Worldwide stock opened at $126.06 on Monday. The company has a market cap of $14.89 billion, a P/E ratio of 28.72, a PEG ratio of 1.74 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $138.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average price is $129.45 and its 200-day moving average price is $108.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. C.H. Robinson Worldwide’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.15 EPS. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

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.