Illinois Municipal Retirement Fund Purchases 19,303 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Illinois Municipal Retirement Fund boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 64.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,214 shares of the transportation company’s stock after acquiring an additional 19,303 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in C.H. Robinson Worldwide were worth $4,722,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CHRW. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 51,207 shares during the last quarter. Boston Partners acquired a new position in C.H. Robinson Worldwide during the first quarter worth $234,304,000. Invesco Ltd. raised its holdings 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 buying an additional 176,374 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in C.H. Robinson Worldwide by 78.3% during the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after buying an additional 884,160 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 11.3% in the second quarter. ProShare Advisors LLC now owns 1,775,758 shares of the transportation company’s stock worth $170,384,000 after buying an additional 180,635 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 value of $6,866,852.20. Following the sale, the insider owned 34,046 shares of the company’s stock, valued at $5,164,778.20. The trade was a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 97,650 shares of company stock worth $14,639,336 in the last 90 days. 1.47% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on CHRW shares. The Goldman Sachs Group raised their price objective on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $135.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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 equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $152.99 on Thursday. The company’s fifty day moving average is $134.76 and its two-hundred day moving average is $114.05. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $158.70. 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 capitalization of $18.07 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 1.79 and a beta of 0.88.

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 the consensus estimate 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 business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the company earned $1.28 earnings per share. The firm’s revenue was down 10.9% on a year-over-year basis. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a $0.63 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is presently 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.