C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.5% in the second quarter, HoldingsChannel reports. The fund owned 260,064 shares of the transportation company’s stock after purchasing an additional 36,769 shares during the period. Bank of Montreal Can’s holdings in C.H. Robinson Worldwide were worth $23,297,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quent Capital LLC increased its holdings in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after buying an additional 185 shares in the last quarter. UMB Bank n.a. raised its position in shares of C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after acquiring an additional 294 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $49,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $62,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $108.34 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $109.33. The firm has a market capitalization of $12.71 billion, a PE ratio of 42.82, a price-to-earnings-growth ratio of 2.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day simple moving average of $99.78 and a 200-day simple moving average of $87.09.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its 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 company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the business earned $0.90 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a yield of 2.29%. C.H. Robinson Worldwide’s payout ratio is 98.02%.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of recent analyst reports. Wells Fargo & Company increased 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 increased their target price on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday. Benchmark boosted their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $87.00 to $110.00 in a research note 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $95.33.

Insider Buying and Selling at C.H. Robinson Worldwide

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

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.