Intech Investment Management LLC Has $3.56 Million Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Intech Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 24.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,084 shares of the transportation company’s stock after acquiring an additional 7,356 shares during the period. Intech Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CHRW. WPG Advisers LLC bought a new position in C.H. Robinson Worldwide during the first quarter worth $32,000. FNY Investment Advisers LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $38,000. Cullen Frost Bankers Inc. boosted its holdings in C.H. Robinson Worldwide by 203.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after buying an additional 299 shares during the period. National Pension Service grew its holdings in C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after buying an additional 183 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth $51,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CHRW. Deutsche Bank Aktiengesellschaft boosted their target price on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Stifel Nicolaus lifted their price target on C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. BMO Capital Markets reissued a “market perform” rating and issued a $140.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, Morgan Stanley increased 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 research note on Thursday, October 30th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the transaction, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the sale, the insider 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.6%

Shares of CHRW stock opened at $151.69 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $158.70. The stock’s fifty day moving average price is $136.81 and its 200 day moving average price is $115.99. 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 company has a market cap of $17.92 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the firm posted $1.28 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, research analysts expect 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 company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 5th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend 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.