Amalgamated Bank Has $3.54 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Amalgamated Bank cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 5.2% during the first quarter, HoldingsChannel reports. The fund owned 32,878 shares of the transportation company’s stock after selling 1,796 shares during the quarter. Amalgamated Bank’s holdings in C.H. Robinson Worldwide were worth $3,541,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CHRW. Ensign Peak Advisors Inc increased its stake in shares of C.H. Robinson Worldwide by 25.2% in the fourth quarter. Ensign Peak Advisors Inc now owns 31,088 shares of the transportation company’s stock worth $3,346,000 after acquiring an additional 6,256 shares during the last quarter. American International Group Inc. boosted its holdings in C.H. Robinson Worldwide by 11.1% in the fourth quarter. American International Group Inc. now owns 43,957 shares of the transportation company’s stock worth $4,731,000 after purchasing an additional 4,400 shares in the last quarter. Invesco Ltd. boosted its holdings in C.H. Robinson Worldwide by 6.2% in the fourth quarter. Invesco Ltd. now owns 1,283,874 shares of the transportation company’s stock worth $138,181,000 after purchasing an additional 74,665 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in C.H. Robinson Worldwide by 94.1% in the fourth quarter. Gotham Asset Management LLC now owns 4,994 shares of the transportation company’s stock worth $538,000 after purchasing an additional 2,421 shares in the last quarter. Finally, Siemens Fonds Invest GmbH boosted its holdings in C.H. Robinson Worldwide by 2.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 6,090 shares of the transportation company’s stock worth $652,000 after purchasing an additional 141 shares in the last quarter. 92.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $93.00 to $94.00 and gave the stock an “underweight” rating in a report on Thursday, July 28th. Citigroup upped their price objective on shares of C.H. Robinson Worldwide from $113.00 to $123.00 in a report on Thursday, July 28th. Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $117.00 to $123.00 in a report on Thursday, July 28th. Morgan Stanley upped their price target on shares of C.H. Robinson Worldwide from $63.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, July 28th. Finally, Credit Suisse Group assumed coverage on shares of C.H. Robinson Worldwide in a report on Monday, June 27th. They set an “underperform” rating and a $102.00 price target for the company. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $110.81.

C.H. Robinson Worldwide Stock Down 1.1 %

Shares of CHRW opened at $100.34 on Friday. The company has a 50-day simple moving average of $110.32 and a 200-day simple moving average of $106.11. The firm has a market capitalization of $12.43 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.48 and a current ratio of 1.48. C.H. Robinson Worldwide, Inc. has a 52 week low of $85.80 and a 52 week high of $121.23.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The transportation company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.79. C.H. Robinson Worldwide had a net margin of 4.15% and a return on equity of 53.97%. The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $6.78 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 8.76 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.19%. The ex-dividend date is Thursday, September 1st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 26.47%.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 3,046 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $120.00, for a total value of $365,520.00. Following the completion of the transaction, the insider now owns 20,060 shares of the company’s stock, valued at $2,407,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jordan T. Kass sold 1,583 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $110.14, for a total transaction of $174,351.62. Following the completion of the sale, the insider now owns 45,602 shares of the company’s stock, valued at $5,022,604.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto sold 3,046 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $120.00, for a total transaction of $365,520.00. Following the sale, the insider now directly owns 20,060 shares of the company’s stock, valued at approximately $2,407,200. The disclosure for this sale can be found here. Insiders sold 33,215 shares of company stock valued at $3,887,292 over the last quarter. Corporate insiders own 1.64% of the company’s stock.

C.H. Robinson Worldwide Company Profile

(Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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