Bessemer Group Inc. Cuts Position in C.H. Robinson Worldwide, Inc. $CHRW

Bessemer Group Inc. reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 50.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,560 shares of the transportation company’s stock after selling 5,591 shares during the period. Bessemer Group Inc.’s holdings in C.H. Robinson Worldwide were worth $534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHRW. Amalgamated Bank grew its stake in 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 buying an additional 432 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of C.H. Robinson Worldwide by 32.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,536 shares of the transportation company’s stock valued at $1,591,000 after acquiring an additional 3,832 shares during the period. Teacher Retirement System of Texas raised its stake in shares of C.H. Robinson Worldwide by 973.1% in the 1st quarter. Teacher Retirement System of Texas now owns 111,677 shares of the transportation company’s stock valued at $11,436,000 after acquiring an additional 101,270 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock valued at $15,248,000 after acquiring an additional 6,889 shares in the last quarter. Finally, North Capital Inc. purchased a new stake in C.H. Robinson Worldwide during the 1st quarter worth $25,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the transaction, the insider owned 65,728 shares of the company’s stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Arun Rajan sold 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider owned 130,591 shares in the company, valued at $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Robert W. Baird raised C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research report on Thursday, July 31st. Raymond James Financial raised their target price on C.H. Robinson Worldwide from $158.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI boosted their price target on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group increased their price objective on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $135.00 price objective 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

C.H. Robinson Worldwide Trading Down 0.6%

Shares of NASDAQ CHRW opened at $153.99 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $131.05 and its two-hundred day moving average price is $110.64. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $158.70. The stock has a market capitalization of $18.18 billion, a P/E ratio of 31.24, a PEG ratio of 1.79 and a beta of 0.90.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is 50.30%.

C.H. Robinson Worldwide Company 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.