Pzena Investment Management LLC Has $24.11 Million Stake in C.H. Robinson Worldwide, Inc. $CHRW

Pzena Investment Management LLC lessened its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,220 shares of the transportation company’s stock after selling 16,975 shares during the period. Pzena Investment Management LLC owned about 0.21% of C.H. Robinson Worldwide worth $24,105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CHRW. Vanguard Group Inc. boosted its position in C.H. Robinson Worldwide by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company’s stock worth $1,493,645,000 after acquiring an additional 51,207 shares during the period. Boston Partners purchased a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $234,304,000. Invesco Ltd. grew its position in C.H. Robinson Worldwide by 8.4% during the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company’s stock valued at $234,058,000 after purchasing an additional 176,374 shares in the last quarter. Northern Trust Corp grew its position in C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock valued at $174,393,000 after purchasing an additional 396,264 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in C.H. Robinson Worldwide by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company’s stock valued at $144,965,000 after purchasing an additional 16,068 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.7%

C.H. Robinson Worldwide stock opened at $124.39 on Tuesday. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 1.73 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $138.00. The firm has a fifty day moving average price of $127.93 and a two-hundred day moving average price of $106.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the previous year, the firm earned $1.15 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.0%. C.H. Robinson Worldwide’s payout ratio is 56.49%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHRW. Barclays raised shares of C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $95.00 to $130.00 in a research note on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Wolfe Research upgraded C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of C.H. Robinson Worldwide from $126.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $132.14.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,364 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the transaction, the insider directly owned 60,401 shares in the company, valued at $7,081,413.24. This represents a 9.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the transaction, the insider owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 over the last three months. 0.91% of the stock is currently owned by insiders.

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.