M&T Bank Corp lifted its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 14.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,887 shares of the transportation company’s stock after acquiring an additional 1,120 shares during the period. M&T Bank Corp’s holdings in C.H. Robinson Worldwide were worth $749,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Farmers National Bank acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $26,000. Berman Capital Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 245.3% in the second quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock worth $27,000 after buying an additional 233 shares during the period. Bremer Bank National Association purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter worth about $36,000. Meeder Asset Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter worth about $42,000. Finally, Signaturefd LLC grew its stake in shares of C.H. Robinson Worldwide by 98.9% in the second quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock valued at $44,000 after buying an additional 262 shares in the last quarter. 90.80% of the stock is currently owned by institutional investors and hedge funds.

CHRW has been the topic of several analyst reports. Citigroup downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 target price on the stock. in a report on Friday, July 26th. BidaskClub cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, Morgan Stanley set a $65.00 price objective on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus price target of $89.44.

Shares of C.H. Robinson Worldwide stock traded up $1.30 during trading hours on Wednesday, hitting $88.00. 69,298 shares of the company’s stock traded hands, compared to its average volume of 1,079,862. C.H. Robinson Worldwide Inc has a twelve month low of $77.72 and a twelve month high of $101.20. The company has a market cap of $11.28 billion, a PE ratio of 18.61, a PEG ratio of 1.94 and a beta of 0.65. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $83.66 and a 200-day simple moving average of $84.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.02 billion. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. The company’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 earnings per share. As a group, equities research analysts predict that C.H. Robinson Worldwide Inc will post 4.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.00 annualized dividend and a yield of 2.27%. C.H. Robinson Worldwide’s dividend payout ratio is presently 42.28%.

In other news, insider John Wiehoff sold 8,392 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.93, for a total transaction of $721,124.56. Following the completion of the sale, the insider now owns 34,499 shares of the company’s stock, valued at $2,964,499.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben G. Campbell sold 20,425 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,715,700.00. Following the sale, the insider now directly owns 43,006 shares of the company’s stock, valued at approximately $3,612,504. The disclosure for this sale can be found here. Insiders have sold a total of 45,173 shares of company stock worth $3,825,122 over the last 90 days. 1.65% of the stock is owned by company insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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

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