BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 8,356 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 60.5% in the second quarter, HoldingsChannel.com reports. The firm owned 22,162 shares of the transportation company’s stock after purchasing an additional 8,356 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in C.H. Robinson Worldwide were worth $1,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRW. Hsbc Holdings PLC raised its position in C.H. Robinson Worldwide by 13.0% in the 4th quarter. Hsbc Holdings PLC now owns 239,984 shares of the transportation company’s stock valued at $20,711,000 after buying an additional 27,610 shares during the last quarter. Parallel Advisors LLC grew its position in C.H. Robinson Worldwide by 12.4% in the 4th quarter. Parallel Advisors LLC now owns 4,976 shares of the transportation company’s stock worth $430,000 after purchasing an additional 550 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $211,000. Treasurer of the State of North Carolina lifted its position in shares of C.H. Robinson Worldwide by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 52,434 shares of the transportation company’s stock worth $4,530,000 after buying an additional 500 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its stake in shares of C.H. Robinson Worldwide by 48,440.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,427 shares of the transportation company’s stock worth $210,000 after buying an additional 2,422 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CHRW shares. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Finally, Benchmark boosted their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $95.33.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Trading Up 0.7 %

Shares of CHRW stock opened at $108.34 on Friday. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 2.15 and a beta of 0.82. The company’s fifty day simple moving average is $99.78 and its two-hundred day simple moving average is $87.17. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $109.33. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company 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 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts anticipate 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. Stockholders of record on Friday, September 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase 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 dividend payout ratio is presently 98.02%.

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.