C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 33.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 122,613 shares of the transportation company’s stock after buying an additional 30,633 shares during the quarter. Prudential Financial Inc.’s holdings in C.H. Robinson Worldwide were worth $11,765,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $234,304,000. Bank of New York Mellon Corp raised its position in C.H. Robinson Worldwide by 78.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after purchasing an additional 884,160 shares during the last quarter. Nuveen LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth $40,825,000. Northern Trust Corp grew its position in C.H. Robinson Worldwide by 30.3% during the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock worth $174,393,000 after purchasing an additional 396,264 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in C.H. Robinson Worldwide by 76.3% in the first quarter. Jupiter Asset Management Ltd. now owns 705,786 shares of the transportation company’s stock valued at $72,272,000 after purchasing an additional 305,368 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CHRW. Bank of America increased their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Stephens set a $173.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. Barclays boosted their target price on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Finally, UBS Group upped their price target on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

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 stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the sale, the insider owned 65,728 shares in the company, valued at $9,840,138.88. This represents a 43.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value 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 trade represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.4%

NASDAQ:CHRW opened at $159.54 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $160.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a fifty day moving average price of $139.86 and a two-hundred day moving average price of $118.81. The stock has a market capitalization of $18.85 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.79 and a beta of 0.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates 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 revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. As a group, sell-side analysts anticipate 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 business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, December 5th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 1.6%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

C.H. Robinson Worldwide Company 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.