Rockland Trust Co. boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,876 shares of the transportation company’s stock after buying an additional 618 shares during the period. Rockland Trust Co. owned approximately 0.08% of C.H. Robinson Worldwide worth $7,615,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JLB & Associates Inc. purchased a new position in C.H. Robinson Worldwide during the second quarter worth approximately $520,000. Korea Investment CORP increased its position in C.H. Robinson Worldwide by 8.7% in the second quarter. Korea Investment CORP now owns 78,526 shares of the transportation company’s stock worth $5,393,000 after buying an additional 6,279 shares in the last quarter. Sei Investments Co. increased its position in C.H. Robinson Worldwide by 874.8% in the second quarter. Sei Investments Co. now owns 8,364 shares of the transportation company’s stock worth $575,000 after buying an additional 7,506 shares in the last quarter. Benedict Financial Advisors Inc. increased its position in C.H. Robinson Worldwide by 22.6% in the second quarter. Benedict Financial Advisors Inc. now owns 9,685 shares of the transportation company’s stock worth $635,000 after buying an additional 1,784 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. increased its position in C.H. Robinson Worldwide by 63.0% in the second quarter. Speece Thorson Capital Group Inc. now owns 140,316 shares of the transportation company’s stock worth $9,637,000 after buying an additional 54,222 shares in the last quarter. Hedge funds and other institutional investors own 90.70% of the company’s stock.
C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) traded down 0.16% during mid-day trading on Friday, reaching $66.78. The company’s stock had a trading volume of 2,777,593 shares. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 19.58 and a beta of 0.44. C.H. Robinson Worldwide, Inc. has a 12-month low of $63.41 and a 12-month high of $81.16. The firm’s 50 day moving average price is $67.14 and its 200 day moving average price is $72.14.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. C.H. Robinson Worldwide’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.45 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.70%. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.94%.
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A number of research analysts have recently commented on the company. BidaskClub upgraded C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. BMO Capital Markets upgraded C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and increased their target price for the company from $70.00 to $72.00 in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Morgan Stanley restated an “underweight” rating and set a $55.00 price target (down previously from $57.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, July 25th. Deutsche Bank AG decreased their price target on C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, July 21st. Finally, Cowen and Company decreased their price target on C.H. Robinson Worldwide from $73.00 to $68.00 and set a “market perform” rating on the stock in a report on Friday, July 21st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.10.
In related news, VP Angela K. Freeman sold 1,200 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total value of $82,464.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.85% of the stock is currently owned by insiders.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
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