Toronto Dominion Bank cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 11.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,300 shares of the transportation company’s stock after selling 7,037 shares during the period. Toronto Dominion Bank’s holdings in C.H. Robinson Worldwide were worth $5,194,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. First Eagle Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 2.3% during the fourth quarter. First Eagle Investment Management LLC now owns 10,816,805 shares of the transportation company’s stock worth $990,387,000 after buying an additional 246,347 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 249.4% during the first quarter. Envestnet Asset Management Inc. now owns 2,371,863 shares of the transportation company’s stock worth $69,414,000 after buying an additional 1,692,962 shares during the last quarter. Morgan Stanley raised its stake in shares of C.H. Robinson Worldwide by 3.2% during the fourth quarter. Morgan Stanley now owns 1,673,593 shares of the transportation company’s stock worth $153,234,000 after buying an additional 51,290 shares during the last quarter. Invesco Ltd. raised its stake in shares of C.H. Robinson Worldwide by 6.5% during the first quarter. Invesco Ltd. now owns 1,367,124 shares of the transportation company’s stock worth $147,252,000 after buying an additional 83,250 shares during the last quarter. Finally, Eaton Vance Management raised its stake in shares of C.H. Robinson Worldwide by 27.0% during the first quarter. Eaton Vance Management now owns 1,328,146 shares of the transportation company’s stock worth $143,054,000 after buying an additional 282,532 shares during the last quarter. 95.11% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $93.00 to $88.00 in a research note on Thursday, June 29th. Evercore ISI decreased their price objective on shares of C.H. Robinson Worldwide from $91.00 to $89.00 in a report on Tuesday, June 27th. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Credit Suisse Group decreased their price objective on shares of C.H. Robinson Worldwide from $93.00 to $92.00 and set an “underperform” rating for the company in a report on Wednesday, August 16th. Finally, StockNews.com assumed coverage on shares of C.H. Robinson Worldwide in a report on Thursday, August 17th. They set a “hold” rating for the company. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.91.
C.H. Robinson Worldwide Stock Performance
Shares of CHRW opened at $88.35 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $86.60 and a 12 month high of $116.77. The firm has a fifty day simple moving average of $95.79 and a 200 day simple moving average of $97.09. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 4.14 and a beta of 0.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $0.90 EPS for the quarter, hitting the consensus estimate of $0.90. C.H. Robinson Worldwide had a net margin of 2.67% and a return on equity of 39.80%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.62 billion. During the same quarter in the prior year, the company posted $2.67 earnings per share. The firm’s revenue was down 35.0% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.75 EPS for the current fiscal year.
C.H. Robinson Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 56.09%.
About C.H. Robinson Worldwide
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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