Chevy Chase Trust Holdings LLC sells 679 shares of CH Robinson Worldwide, Inc. (NASDAQ:CHRW)

VaselineAugust 22, 2024

0 4 minutes read

Chevy Chase Trust Holdings LLC reduced its stake in CH Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 1.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 63,928 shares of the transportation company’s stock after selling 679 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in CH Robinson Worldwide were worth $5,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CHRW. Vanguard Group Inc. raised its stake in CH Robinson Worldwide by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after acquiring an additional 177,119 shares during the period. First Eagle Investment Management LLC raised its stake in CH Robinson Worldwide by 21.1% in the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after acquiring an additional 2,003,158 shares during the last quarter. Van ECK Associates Corp boosted its stake in CH Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares in the last quarter. ProShare Advisors LLC raised its position in shares of CH Robinson Worldwide by 5.0% in the first quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock valued at $152,426,000 after purchasing an additional 94,616 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of CH Robinson Worldwide by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after purchasing an additional 68,491 shares during the last quarter. 93.15% of shares are owned by hedge funds and other institutional investors.

CH Robinson global stocks up 1.5%

Shares of CH Robinson Worldwide opened at $100.67 on Thursday. The company has a fifty day moving average price of $90.74 and a 200 day moving average price of $81.43. CH Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $105.41. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.63 and a beta of 0.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42, and a quick ratio of 1.37.

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CH Robinson Worldwide (NASDAQ:CHRW – Get Your Free Report ) last posted its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. CH Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period last year, the business earned $0.90 EPS. CH Robinson Worldwide’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts forecast that CH Robinson Worldwide, Inc. will post 3.73 EPS for the current fiscal year.

CH Robinson Worldwide Raises Dividends

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be paid a $0.62 dividend. This represents an annualized dividend of $2.48 and a dividend yield of 2.46%. This is an increase from CH Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, September 6. CH Robinson Worldwide’s dividend payout ratio is currently 98.02%.

Insider activity at CH Robinson Worldwide

In other CH Robinson Worldwide news, insider Michael John Short sold 10,894 shares of CH Robinson Worldwide stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The sale was disclosed in a filing with the SEC, which is accessible via this hyperlink. 1.47% of shares are held by insiders.

Analysts on Wall Street are forecasting an increase

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of CH Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Robert W. Baird upped their target price on shares of CH Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Raymond James assumed coverage on shares of CH Robinson Worldwide in a report on Wednesday, May 15th. They have issued a “market perform” rating for the company. StockNews.com raised CH Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Bank of America raised CH Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $99.00 in a research note for Monday, July 22. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $93.67, according to MarketBeat.com.

Read the latest stock report on CHRW

CH Robinson Worldwide Company Profile

(Free Report)

CH Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Shipping. The Company provides transportation and logistics services, such as less-than-cargo brokerage services, which include the shipment of single or multiple pallets of cargo; intermodal transport comprising the service of shipping goods in containers or trailers by a combination of truck and rail; and non-vessels operating common transport and freight forwarding services, as well as arranging air transport and providing door-to-door services.