Vestmark Advisory Solutions Inc. Makes New $880,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Vestmark Advisory Solutions Inc. purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, HoldingsChannel.com reports. The fund purchased 9,172 shares of the transportation company’s stock, valued at approximately $880,000.

Several other hedge funds have also recently made changes to their positions in CHRW. M&T Bank Corp lifted its position in C.H. Robinson Worldwide by 1.7% during the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock valued at $892,000 after purchasing an additional 144 shares during the period. Xponance Inc. raised its stake in C.H. Robinson Worldwide by 1.6% during the 1st quarter. Xponance Inc. now owns 18,365 shares of the transportation company’s stock valued at $1,881,000 after buying an additional 294 shares during the last quarter. Schechter Investment Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $312,000. MQS Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $443,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of C.H. Robinson Worldwide by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 54,749 shares of the transportation company’s stock worth $5,606,000 after acquiring an additional 221 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird raised C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Thursday, July 31st. Benchmark reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Morgan Stanley raised their price objective on shares of C.H. Robinson Worldwide from $71.00 to $77.00 and gave the stock an “underweight” rating in a report on Thursday, October 30th. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This trade represents a 43.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the transaction, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. This trade represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 97,650 shares of company stock worth $14,639,336. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $151.72 on Tuesday. The company has a 50 day simple moving average of $133.84 and a two-hundred day simple moving average of $113.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $17.92 billion, a P/E ratio of 30.77, a PEG ratio of 1.79 and a beta of 0.88. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the company earned $1.28 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 10.9% on a year-over-year basis. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.12%.

C.H. Robinson Worldwide Company 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.