C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 203.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 446 shares of the transportation company’s stock after acquiring an additional 299 shares during the period. Cullen Frost Bankers Inc.’s holdings in C.H. Robinson Worldwide were worth $43,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CHRW. Boston Partners acquired a new stake in C.H. Robinson Worldwide during the 1st quarter valued at approximately $234,304,000. Allianz Asset Management GmbH lifted its stake in C.H. Robinson Worldwide by 144.4% during the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company’s stock valued at $80,292,000 after acquiring an additional 463,216 shares during the period. Nuveen LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter valued at approximately $40,825,000. Northern Trust Corp lifted its stake in C.H. Robinson Worldwide by 30.3% during the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock valued at $174,393,000 after acquiring an additional 396,264 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its stake in C.H. Robinson Worldwide by 76.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 705,786 shares of the transportation company’s stock valued at $72,272,000 after acquiring an additional 305,368 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction 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 represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,577 shares of company stock worth $1,714,544. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CHRW shares. Susquehanna set a $165.00 price objective on shares of C.H. Robinson Worldwide and gave the company a “positive” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Barclays upgraded shares of C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $95.00 to $130.00 in a research note on Wednesday, October 1st. Finally, Raymond James Financial boosted their target price on shares of C.H. Robinson Worldwide from $111.00 to $158.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.05.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $126.06 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The company has a fifty day moving average of $129.45 and a two-hundred day moving average of $108.98. The stock has a market capitalization of $14.89 billion, a PE ratio of 28.72, a P/E/G ratio of 1.74 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. As a group, research analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio is currently 56.49%.

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.