Vanguard Personalized Indexing Management LLC Grows Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 19.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,506 shares of the transportation company’s stock after acquiring an additional 2,009 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,102,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CHRW. Empirical Finance LLC lifted its position in C.H. Robinson Worldwide by 3.4% during the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock worth $325,000 after acquiring an additional 140 shares during the period. Quent Capital LLC lifted its holdings in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the period. Redwood Investment Management LLC boosted its position in C.H. Robinson Worldwide by 0.6% in the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after buying an additional 165 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after buying an additional 185 shares during the period. Finally, Farther Finance Advisors LLC raised its position in C.H. Robinson Worldwide by 0.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 24,492 shares of the transportation company’s stock worth $2,126,000 after buying an additional 229 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of several recent research reports. StockNews.com raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Evercore ISI upgraded C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $82.00 to $99.00 in a research note on Tuesday, June 25th. Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Finally, Susquehanna boosted their price target on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.67.

C.H. Robinson Worldwide Stock Up 2.2 %

Shares of NASDAQ CHRW opened at $106.45 on Tuesday. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $106.86. 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 company’s 50-day simple moving average is $98.18 and its 200-day simple moving average is $86.31. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 42.08, a price-to-earnings-growth ratio of 2.02 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.19. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. C.H. Robinson Worldwide’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.33%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.47% of the stock is currently owned by corporate insiders.

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.