C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,628 shares of the transportation company’s stock after selling 573 shares during the period. Sei Investments Co.’s holdings in C.H. Robinson Worldwide were worth $4,902,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. AE Wealth Management LLC raised its position in C.H. Robinson Worldwide by 23.3% in the second quarter. AE Wealth Management LLC now owns 30,607 shares of the transportation company’s stock worth $2,697,000 after acquiring an additional 5,780 shares in the last quarter. Sprucegrove Investment Management Ltd. grew its stake in shares of C.H. Robinson Worldwide by 1.2% during the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 188,058 shares of the transportation company’s stock worth $16,572,000 after purchasing an additional 2,300 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 19.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,506 shares of the transportation company’s stock valued at $1,102,000 after purchasing an additional 2,009 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of C.H. Robinson Worldwide by 7.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 104,564 shares of the transportation company’s stock valued at $9,214,000 after purchasing an additional 7,600 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in C.H. Robinson Worldwide by 779.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 114,022 shares of the transportation company’s stock worth $10,048,000 after buying an additional 101,055 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $109.80 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $110.51. The company’s 50 day simple moving average is $100.57 and its 200 day simple moving average is $87.76. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 2.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 31st. The transportation company reported $1.15 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 during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the firm posted $0.90 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.62 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 6th. This represents a $2.48 annualized dividend and a yield of 2.26%. C.H. Robinson Worldwide’s dividend payout ratio is 98.02%.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHRW. Wells Fargo & Company increased their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Robert W. Baird boosted their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. UBS Group raised their price target on C.H. Robinson Worldwide from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Evercore ISI upgraded shares of 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. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $95.33.

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.