First Eagle Investment Management LLC Sells 1,490,983 Shares of C.H. Robinson Worldwide, Inc. $CHRW

First Eagle Investment Management LLC lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 14.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,074,016 shares of the transportation company’s stock after selling 1,490,983 shares during the quarter. C.H. Robinson Worldwide comprises about 2.6% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 9th biggest position. First Eagle Investment Management LLC owned about 0.08% of C.H. Robinson Worldwide worth $1,458,739,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CHRW. Wellington Management Group LLP lifted its holdings in C.H. Robinson Worldwide by 198.6% in 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 purchasing an additional 4,751,034 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $72,929,000. Raymond James Financial Inc. lifted its holdings in C.H. Robinson Worldwide by 68.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock valued at $139,194,000 after purchasing an additional 427,543 shares in the last quarter. Earnest Partners LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $54,313,000. Finally, State Street Corp lifted its holdings in C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after purchasing an additional 397,177 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $169.98 on Tuesday. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34. The stock has a market capitalization of $20.04 billion, a P/E ratio of 34.41, a PEG ratio of 1.71 and a beta of 0.94. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average price is $174.70 and its 200 day moving average price is $168.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating 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 quarter last year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.07 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

Insider Activity at C.H. Robinson Worldwide

In other news, CEO David P. Bozeman bought 1,223 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average price of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arun Rajan bought 605 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of $167.11 per share, for a total transaction of $101,101.55. Following the acquisition, the insider directly owned 133,656 shares of the company’s stock, valued at $22,335,254.16. The trade was a 0.45% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 2,422 shares of company stock worth $400,801. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, May 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $149.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $200.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. TD Cowen raised their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Sixteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.27.

About C.H. Robinson Worldwide

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.