Vanguard Group Inc. Purchases 56,549 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Vanguard Group Inc. lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,642,930 shares of the transportation company’s stock after acquiring an additional 56,549 shares during the quarter. Vanguard Group Inc. owned 12.40% of C.H. Robinson Worldwide worth $1,404,989,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. State of Michigan Retirement System raised its holdings in shares of C.H. Robinson Worldwide by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock valued at $3,098,000 after purchasing an additional 100 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in C.H. Robinson Worldwide by 2.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock valued at $407,000 after buying an additional 105 shares during the period. Assetmark Inc. raised its stake in C.H. Robinson Worldwide by 26.3% in the second quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock worth $51,000 after buying an additional 110 shares in the last quarter. Perpetual Ltd lifted its holdings in C.H. Robinson Worldwide by 2.3% during the second quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock worth $483,000 after buying an additional 112 shares during the period. Finally, Alliance Wealth Advisors LLC UT boosted its position in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock valued at $663,000 after acquiring an additional 121 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Up 2.1%

CHRW stock opened at $151.68 on Friday. The stock has a market capitalization of $17.92 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $158.70. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $138.02 and a 200 day moving average of $117.09.

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

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, December 5th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.12%.

Insider Activity

In related news, 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the transaction, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. 1.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Benchmark reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Wells Fargo & Company lifted 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 report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased 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 report on Wednesday, October 1st. One 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.00.

C.H. Robinson Worldwide 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.