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

M&T Bank Corp lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,867.5% during the fourth quarter, HoldingsChannel reports. The firm owned 143,725 shares of the transportation company’s stock after purchasing an additional 136,420 shares during the quarter. M&T Bank Corp’s holdings in C.H. Robinson Worldwide were worth $23,105,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after buying an additional 24,788 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at about $259,000. Empowered Funds LLC grew its stake in shares of C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after acquiring an additional 350 shares in the last quarter. Woodline Partners LP increased its position in shares of C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after acquiring an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after acquiring an additional 359 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 0.8%

NASDAQ:CHRW opened at $183.74 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $21.65 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. C.H. Robinson Worldwide, Inc. has a one year low of $86.58 and a one year high of $203.34. The stock has a 50-day simple moving average of $175.28 and a 200 day simple moving average of $164.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down 6.5% compared to the same quarter last year. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 5.98 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.17%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,579 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the completion of the sale, the insider owned 55,611 shares in the company, valued at $11,151,117.72. The trade was a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David P. Bozeman bought 1,223 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the acquisition, the chief executive officer directly owned 190,600 shares of the company’s stock, valued at $31,132,604. This trade represents a 0.65% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 2,422 shares of company stock worth $400,801 and sold 17,796 shares worth $3,555,415. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CHRW shares. Raymond James Financial reissued an “outperform” rating on shares of C.H. Robinson Worldwide in a report on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $149.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, January 14th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Sanford C. Bernstein increased their target price on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. Finally, Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $186.22.

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.