C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 38.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,073 shares of the transportation company’s stock after selling 117,033 shares during the quarter. Royal Bank of Canada’s holdings in C.H. Robinson Worldwide were worth $30,901,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Vestcor Inc raised its stake in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after purchasing an additional 51 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of C.H. Robinson Worldwide by 3.1% during the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after purchasing an additional 58 shares during the last quarter. Signaturefd LLC grew its holdings in shares of C.H. Robinson Worldwide by 3.6% during the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after buying an additional 59 shares in the last quarter. Brendel Financial Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.2% during the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after buying an additional 61 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its position in shares of C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

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

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

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently issued reports on CHRW. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial boosted their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. Barclays lifted their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.08.

C.H. Robinson Worldwide Company 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.