C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 24.9% during the first quarter, Holdings Channel reports. The institutional investor owned 68,502 shares of the transportation company’s stock after selling 22,695 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in C.H. Robinson Worldwide were worth $11,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in C.H. Robinson Worldwide by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after acquiring an additional 364,163 shares during the period. State Street Corp increased its holdings in shares of C.H. Robinson Worldwide by 5.7% in the 2nd 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 in the last quarter. Wellington Management Group LLP lifted its stake in shares of C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares during the period. Boston Partners boosted its holdings in C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after buying an additional 213,245 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth about $579,922,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHRW. Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, July 22nd. Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen decreased their target price on C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating on the stock in a research report on Tuesday, July 28th. Finally, UBS Group upped their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a report on Monday, June 1st. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.08.

C.H. Robinson Worldwide Trading Down 0.5%

Shares of C.H. Robinson Worldwide stock opened at $147.00 on Tuesday. The business has a 50 day moving average price of $185.71 and a 200 day moving average price of $180.46. The company has a market capitalization of $17.33 billion, a P/E ratio of 28.05, a P/E/G ratio of 1.25 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 1 year low of $113.40 and a 1 year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the business posted $1.29 earnings per share. C.H. Robinson Worldwide’s revenue was up 19.3% compared to the same quarter last year. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

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.