Tobam Cuts Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Tobam lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 89.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,676 shares of the transportation company’s stock after selling 14,439 shares during the period. Tobam’s holdings in C.H. Robinson Worldwide were worth $161,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in C.H. Robinson Worldwide in the 1st quarter worth about $32,000. FNY Investment Advisers LLC purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $38,000. Cullen Frost Bankers Inc. grew its holdings in shares of C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 299 shares in the last quarter. National Pension Service increased its position in shares of C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 183 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new stake in C.H. Robinson Worldwide during the first quarter worth $51,000. 93.15% of the stock is owned by institutional investors.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the firm’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 completion of the sale, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. This represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 97,650 shares of company stock valued at $14,639,336. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $152.99 on Thursday. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $158.70. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $18.07 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The firm has a 50 day moving average of $134.76 and a 200-day moving average of $114.05.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, December 5th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s payout ratio is 51.12%.

Analyst Ratings Changes

CHRW has been the subject of a number of recent analyst reports. Barclays upped their price objective on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 8th. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and increased their target price for the company from $134.00 to $148.00 in a research report on Wednesday, October 8th. Finally, Robert W. Baird raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.