Amalgamated Bank Trims Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Posted by on Jul 28th, 2023

Amalgamated Bank trimmed its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 25.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,058 shares of the transportation company’s stock after selling 11,168 shares during the quarter. Amalgamated Bank’s holdings in C.H. Robinson Worldwide were worth $3,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CHRW. American Century Companies Inc. boosted its stake in C.H. Robinson Worldwide by 11.1% during the 1st quarter. American Century Companies Inc. now owns 8,782 shares of the transportation company’s stock valued at $946,000 after purchasing an additional 880 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $207,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in C.H. Robinson Worldwide by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,393 shares of the transportation company’s stock valued at $1,873,000 after acquiring an additional 1,077 shares in the last quarter. Yousif Capital Management LLC lifted its position in C.H. Robinson Worldwide by 1.6% during the 1st quarter. Yousif Capital Management LLC now owns 23,349 shares of the transportation company’s stock worth $2,515,000 after buying an additional 365 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in C.H. Robinson Worldwide by 12.8% in the 1st quarter. Raymond James Trust N.A. now owns 3,657 shares of the transportation company’s stock valued at $394,000 after buying an additional 414 shares during the last quarter. 96.63% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 0.6 %

CHRW opened at $97.66 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $95.62 and its 200-day moving average is $97.54. The firm has a market capitalization of $11.37 billion, a P/E ratio of 15.73, a P/E/G ratio of 3.42 and a beta of 0.78. C.H. Robinson Worldwide, Inc. has a 52-week low of $86.60 and a 52-week high of $121.23.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its quarterly earnings data on Wednesday, April 26th. The transportation company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.03). C.H. Robinson Worldwide had a return on equity of 50.56% and a net margin of 3.50%. The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same period in the prior year, the firm earned $2.05 EPS. The business’s revenue for the quarter was down 32.3% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide, Inc. will post 3.91 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 2nd were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, June 1st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 39.29%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 16,155 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $104.56, for a total transaction of $1,689,166.80. Following the completion of the transaction, the insider now directly owns 75,937 shares of the company’s stock, valued at approximately $7,939,972.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Mac S. Pinkerton sold 7,624 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $101.57, for a total transaction of $774,369.68. Following the completion of the sale, the insider now directly owns 87,001 shares of the company’s stock, valued at approximately $8,836,691.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael John Short sold 16,155 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $104.56, for a total transaction of $1,689,166.80. Following the sale, the insider now owns 75,937 shares of the company’s stock, valued at approximately $7,939,972.72. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CHRW shares. Wells Fargo & Company cut their price target on shares of C.H. Robinson Worldwide from $95.00 to $90.00 and set an “underweight” rating for the company in a report on Wednesday, April 12th. Citigroup reaffirmed a “neutral” rating and set a $94.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, June 30th. Stifel Nicolaus reduced their price target on shares of C.H. Robinson Worldwide from $97.00 to $90.00 and set a “hold” rating for the company in a report on Wednesday, July 19th. Evercore ISI dropped their price objective on shares of C.H. Robinson Worldwide from $91.00 to $89.00 in a research note on Tuesday, June 27th. Finally, Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $93.00 to $88.00 in a research report on Thursday, June 29th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $94.64.

C.H. Robinson Worldwide Company Profile

(Free Report)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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.

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

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