Legal & General Group Plc Sells 48,289 Shares of C.H. Robinson Worldwide Inc (CHRW)

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Legal & General Group Plc decreased its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 809,611 shares of the transportation company’s stock after selling 48,289 shares during the quarter. Legal & General Group Plc’s holdings in C.H. Robinson Worldwide were worth $67,738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in C.H. Robinson Worldwide by 255.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,246,059 shares of the transportation company’s stock worth $104,245,000 after purchasing an additional 895,269 shares during the last quarter. Motley Fool Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 3.3% in the 2nd quarter. Motley Fool Wealth Management LLC now owns 64,086 shares of the transportation company’s stock worth $5,361,000 after acquiring an additional 2,034 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of C.H. Robinson Worldwide by 19.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,160 shares of the transportation company’s stock worth $7,543,000 after acquiring an additional 14,529 shares in the last quarter. BlackRock Inc. raised its position in shares of C.H. Robinson Worldwide by 1.2% in the 2nd quarter. BlackRock Inc. now owns 11,296,656 shares of the transportation company’s stock worth $945,075,000 after acquiring an additional 133,529 shares in the last quarter. Finally, Standard Life Aberdeen plc raised its position in shares of C.H. Robinson Worldwide by 15.1% in the 2nd quarter. Standard Life Aberdeen plc now owns 58,918 shares of the transportation company’s stock worth $4,929,000 after acquiring an additional 7,748 shares in the last quarter. 86.00% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on CHRW shares. Stifel Nicolaus started coverage on C.H. Robinson Worldwide in a research report on Tuesday, June 19th. They issued a “buy” rating and a $101.00 price objective for the company. Zacks Investment Research lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, July 9th. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and set a $71.00 price objective for the company in a research report on Wednesday, July 11th. Susquehanna Bancshares raised C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating in a research report on Friday, July 13th. Finally, ValuEngine raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $93.73.

Shares of C.H. Robinson Worldwide stock opened at $96.09 on Wednesday. C.H. Robinson Worldwide Inc has a one year low of $70.22 and a one year high of $100.18. The stock has a market capitalization of $13.31 billion, a P/E ratio of 27.61, a PEG ratio of 2.39 and a beta of 0.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.81 and a quick ratio of 1.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, July 31st. The transportation company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. analysts expect that C.H. Robinson Worldwide Inc will post 4.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Thursday, September 6th. C.H. Robinson Worldwide’s payout ratio is 52.87%.

C.H. Robinson Worldwide declared that its board has initiated a share repurchase plan on Thursday, May 10th that authorizes the company to buyback 15,000,000 shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

In related news, insider Jordan T. Kass sold 6,190 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $97.06, for a total value of $600,801.40. Following the completion of the sale, the insider now directly owns 25,538 shares of the company’s stock, valued at approximately $2,478,718.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael John Short sold 4,527 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $96.12, for a total value of $435,135.24. Following the transaction, the insider now owns 14,717 shares of the company’s stock, valued at approximately $1,414,598.04. The disclosure for this sale can be found here. Insiders sold a total of 42,758 shares of company stock valued at $4,126,546 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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