C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 24.7% during the second quarter, HoldingsChannel reports. The firm owned 37,084 shares of the transportation company’s stock after purchasing an additional 7,356 shares during the quarter. Intech Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $3,558,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC increased its holdings in shares of C.H. Robinson Worldwide by 43.2% in the 1st quarter. Wealthfront Advisers LLC now owns 2,773 shares of the transportation company’s stock worth $284,000 after acquiring an additional 836 shares during the period. Victory Capital Management Inc. grew its stake in C.H. Robinson Worldwide by 128.6% during the 1st quarter. Victory Capital Management Inc. now owns 142,164 shares of the transportation company’s stock valued at $14,558,000 after acquiring an additional 79,963 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of C.H. Robinson Worldwide by 5.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 9,137 shares of the transportation company’s stock worth $936,000 after acquiring an additional 445 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in C.H. Robinson Worldwide by 144.4% in the first 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 last quarter. Finally, Guidance Capital Inc. increased its holdings in shares of C.H. Robinson Worldwide by 17.1% during the 1st quarter. Guidance Capital Inc. now owns 9,857 shares of the transportation company’s stock valued at $1,009,000 after acquiring an additional 1,442 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the transaction, the insider owned 65,728 shares of the company’s stock, valued at $9,840,138.88. The trade was a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $151.69 on Wednesday. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 1.79 and a beta of 0.88. The company’s fifty day moving average is $136.81 and its 200 day moving average is $115.99. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the firm posted $1.28 EPS. The company’s quarterly revenue was down 10.9% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a $0.63 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Barclays lifted their target price on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Truist Financial increased their target price on shares of C.H. Robinson Worldwide from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Susquehanna set a $165.00 target price on shares of C.H. Robinson Worldwide and gave the stock a “positive” rating in a research note on Wednesday, September 24th. Finally, Wells Fargo & Company increased their price objective on shares of C.H. Robinson Worldwide from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

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.