M&T Bank Corp Increases Holdings in C.H. Robinson Worldwide, Inc. $CHRW

M&T Bank Corp boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 123.4% during the fourth quarter, Holdings Channel reports. The firm owned 16,319 shares of the transportation company’s stock after acquiring an additional 9,014 shares during the quarter. M&T Bank Corp’s holdings in C.H. Robinson Worldwide were worth $2,623,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in C.H. Robinson Worldwide by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock valued at $2,341,535,000 after acquiring an additional 364,163 shares in the last quarter. State Street Corp boosted its position in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Boston Partners boosted its position in C.H. Robinson Worldwide by 6.1% during the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after acquiring an additional 213,245 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in C.H. Robinson Worldwide by 5.1% during the 3rd quarter. First Trust Advisors LP now owns 1,550,029 shares of the transportation company’s stock valued at $205,224,000 after acquiring an additional 75,312 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CHRW. Sanford C. Bernstein lifted their price objective on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a research report on Friday, January 9th. Raymond James Financial set a $210.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Benchmark lifted their price objective on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, UBS Group set a $160.00 price target on C.H. Robinson Worldwide in a research report on Thursday, January 29th. Sixteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $192.27.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, CEO David P. Bozeman acquired 1,223 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average cost of $163.34 per share, with a total value of $199,764.82. Following the transaction, the chief executive officer owned 190,600 shares of the company’s stock, valued at $31,132,604. The trade was a 0.65% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto acquired 594 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average cost of $168.24 per share, for a total transaction of $99,934.56. Following the completion of the transaction, the insider directly owned 35,488 shares in the company, valued at $5,970,501.12. This represents a 1.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 2,422 shares of company stock worth $400,801. Company insiders own 0.37% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $171.37 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average price is $175.07 and its 200-day moving average price is $168.24. C.H. Robinson Worldwide, Inc. has a 52 week low of $87.41 and a 52 week high of $203.34. The stock has a market cap of $20.20 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.69 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.07 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.