C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 340,880 shares of the transportation company’s stock after selling 72,188 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in C.H. Robinson Worldwide were worth $30,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after purchasing an additional 177,119 shares during the period. First Eagle Investment Management LLC lifted its position in C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after buying an additional 2,003,158 shares during the period. Van ECK Associates Corp boosted its stake in C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after buying an additional 2,643,193 shares during the last quarter. ProShare Advisors LLC grew its holdings in C.H. Robinson Worldwide by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock valued at $152,426,000 after buying an additional 94,616 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock valued at $151,689,000 after acquiring an additional 68,491 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

CHRW has been the topic of a number of recent analyst reports. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price target for the stock from $76.00 to $99.00 in a research note on Monday, July 22nd. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, Susquehanna increased their target price on shares of C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $93.67.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $101.05 on Tuesday. The firm has a 50-day moving average of $90.44 and a two-hundred day moving average of $81.25. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.37. The stock has a market cap of $11.83 billion, a P/E ratio of 39.94, a PEG ratio of 2.63 and a beta of 0.80. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $105.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.73 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s payout ratio is 98.02%.

About C.H. Robinson Worldwide

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.