Mutual Advisors LLC Increases Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Mutual Advisors LLC lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,154 shares of the transportation company’s stock after purchasing an additional 123 shares during the quarter. Mutual Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $940,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new position in shares of C.H. Robinson Worldwide in the second quarter worth about $81,000. Sequoia Financial Advisors LLC raised its position in C.H. Robinson Worldwide by 1.0% during the second quarter. Sequoia Financial Advisors LLC now owns 26,563 shares of the transportation company’s stock valued at $2,549,000 after acquiring an additional 257 shares in the last quarter. Vest Financial LLC raised its position in C.H. Robinson Worldwide by 16.3% during the second quarter. Vest Financial LLC now owns 589,485 shares of the transportation company’s stock valued at $56,561,000 after acquiring an additional 82,609 shares in the last quarter. Board of the Pension Protection Fund purchased a new position in C.H. Robinson Worldwide during the second quarter valued at approximately $1,353,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in C.H. Robinson Worldwide by 15.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,258 shares of the transportation company’s stock valued at $1,560,000 after acquiring an additional 2,187 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 1.1%

Shares of CHRW opened at $127.39 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $128.74 and its two-hundred day moving average is $107.57. The firm has a market cap of $15.04 billion, a P/E ratio of 29.02, a PEG ratio of 1.76 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. Analysts predict 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 company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

Analyst Ratings Changes

Several research analysts recently weighed in on CHRW shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on C.H. Robinson Worldwide from $126.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on C.H. Robinson Worldwide from $127.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Wolfe Research raised C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a report on Tuesday, July 1st. Finally, Raymond James Financial raised their price objective on C.H. Robinson Worldwide from $111.00 to $158.00 and gave the company an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $136.05.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the sale, the insider directly owned 60,401 shares of the company’s stock, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares in the company, 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. Insiders have sold 14,577 shares of company stock valued at $1,714,544 over the last ninety days. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.