C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Holdings Increased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,000 shares of the transportation company’s stock after acquiring an additional 120 shares during the quarter. Central Pacific Bank Trust Division’s holdings in C.H. Robinson Worldwide were worth $110,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CHRW. Quent Capital LLC raised its stake in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the last quarter. UMB Bank n.a. boosted its position in shares of C.H. Robinson Worldwide by 147.0% during the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 294 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $49,000. Finally, EdgeRock Capital LLC acquired a new stake in C.H. Robinson Worldwide during the second quarter valued at approximately $62,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 1.2 %

Shares of CHRW stock opened at $106.73 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $110.51. The company has a market cap of $12.50 billion, a PE ratio of 42.19, a price-to-earnings-growth ratio of 2.15 and a beta of 0.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $101.25 and its two-hundred day moving average is $88.03.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.32%. C.H. Robinson Worldwide’s payout ratio is 98.02%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CHRW. Benchmark increased their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. StockNews.com raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $87.00 to $110.00 in a research note on Thursday, August 1st. Barclays raised their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $99.53.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.47% of the stock is owned by company insiders.

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 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.