Sprucegrove Investment Management Ltd. Has $16.57 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sprucegrove Investment Management Ltd. boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.2% in the second quarter, Holdings Channel.com reports. The firm owned 188,058 shares of the transportation company’s stock after purchasing an additional 2,300 shares during the period. C.H. Robinson Worldwide comprises 0.9% of Sprucegrove Investment Management Ltd.’s holdings, making the stock its 24th largest holding. Sprucegrove Investment Management Ltd.’s holdings in C.H. Robinson Worldwide were worth $16,572,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CHRW. Vanguard Group Inc. lifted its position in shares of C.H. Robinson Worldwide by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after buying an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide by 21.1% in the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after buying an additional 2,003,158 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of C.H. Robinson Worldwide by 13,682.5% in the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after buying an additional 2,643,193 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 5.0% in the first quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock worth $152,426,000 after buying an additional 94,616 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of C.H. Robinson Worldwide by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after buying an additional 68,491 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity

In other news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CHRW. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Susquehanna boosted their price target on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $82.00 to $99.00 in a research report on Tuesday, June 25th. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $93.67.

C.H. Robinson Worldwide Trading Up 1.6 %

Shares of CHRW opened at $103.64 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $105.41. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 2.02 and a beta of 0.82. The stock’s 50-day moving average price is $97.10 and its 200 day moving average price is $85.50.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 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 Tuesday, October 1st. Investors of record on Friday, September 6th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.39%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, September 6th. C.H. Robinson Worldwide’s payout ratio is currently 98.02%.

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.