Murphy Pohlad Asset Management LLC Cuts Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Murphy Pohlad Asset Management LLC trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,800 shares of the transportation company’s stock after selling 150 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in C.H. Robinson Worldwide were worth $652,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 4.9% during the first quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock worth $15,248,000 after purchasing an additional 6,889 shares during the period. Amalgamated Bank boosted its holdings in shares of C.H. Robinson Worldwide by 1.9% during the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock worth $2,365,000 after purchasing an additional 432 shares during the period. M&T Bank Corp boosted its holdings in shares of C.H. Robinson Worldwide by 1.7% during the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock worth $892,000 after purchasing an additional 144 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of C.H. Robinson Worldwide by 12.8% during the second quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock worth $9,666,000 after purchasing an additional 11,443 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 118.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,905 shares of the transportation company’s stock worth $3,472,000 after purchasing an additional 18,390 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael John Short sold 6,364 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the sale, the insider owned 60,401 shares in the company, valued at $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Arun Rajan sold 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,577 shares of company stock worth $1,714,544 over the last 90 days. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $154.88 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $158.70. The company has a 50 day simple moving average of $130.47 and a two-hundred day simple moving average of $110.08. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 1.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.6%. C.H. Robinson Worldwide’s dividend payout ratio is presently 56.49%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday. Baird R W raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. The Goldman Sachs Group increased their price target on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets reissued a “market perform” rating and issued a $140.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday. One equities research 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 company. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $142.35.

C.H. Robinson Worldwide 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.