Boston Trust Walden Corp Purchases 1,801 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Posted by on Mar 30th, 2023

Boston Trust Walden Corp raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 240,491 shares of the transportation company’s stock after acquiring an additional 1,801 shares during the quarter. Boston Trust Walden Corp owned approximately 0.20% of C.H. Robinson Worldwide worth $22,019,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in C.H. Robinson Worldwide in the first quarter worth about $30,000. Denali Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $29,000. Armstrong Advisory Group Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $27,000. Parkside Financial Bank & Trust lifted its stake in shares of C.H. Robinson Worldwide by 169.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 467 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 294 shares during the last quarter. Finally, Accurate Wealth Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $44,000. Institutional investors own 96.01% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $96.43 on Thursday. C.H. Robinson Worldwide, Inc. has a twelve month low of $86.60 and a twelve month high of $121.23. The stock has a 50-day moving average of $99.81 and a 200 day moving average of $97.39. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 2.85 and a beta of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The transportation company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.32). The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $5.59 billion. C.H. Robinson Worldwide had a return on equity of 54.06% and a net margin of 3.82%. C.H. Robinson Worldwide’s quarterly revenue was down 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 earnings per share. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.57 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 3rd will be given a $0.61 dividend. The ex-dividend date is Thursday, March 2nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.53%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 33.42%.

Insider Buying and Selling

In related news, insider Michael John Short sold 3,496 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $101.29, for a total value of $354,109.84. Following the completion of the transaction, the insider now directly owns 75,928 shares in the company, valued at $7,690,747.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of research analyst reports. Stifel Nicolaus lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and decreased their price target for the stock from $107.00 to $99.00 in a research note on Friday, February 3rd. KeyCorp cut their price target on C.H. Robinson Worldwide from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, January 11th. The Goldman Sachs Group downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $102.00 to $93.00 in a research note on Tuesday, January 10th. Sanford C. Bernstein dropped their target price on C.H. Robinson Worldwide from $110.00 to $92.00 and set a “market perform” rating on the stock in a research note on Thursday, February 2nd. Finally, BMO Capital Markets lowered their price target on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 2nd. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $98.81.

C.H. Robinson Worldwide Company Profile

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C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.

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

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