C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,258 shares of the transportation company’s stock after acquiring an additional 2,187 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,560,000 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. Principal Financial Group Inc. raised its stake in C.H. Robinson Worldwide by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock worth $15,248,000 after acquiring an additional 6,889 shares in the last quarter. Amalgamated Bank raised its stake in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock worth $2,365,000 after acquiring an additional 432 shares in the last quarter. M&T Bank Corp raised its stake in C.H. Robinson Worldwide by 1.7% during the 1st quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock worth $892,000 after acquiring an additional 144 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company’s stock worth $2,573,000 after acquiring an additional 589 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in C.H. Robinson Worldwide by 3.2% in the first quarter. Asset Management One Co. Ltd. now owns 47,441 shares of the transportation company’s stock valued at $4,858,000 after purchasing an additional 1,457 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on CHRW. Truist Financial set a $150.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday. Evercore ISI lifted their price objective on shares of C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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. Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Thursday, July 31st. Finally, Wolfe Research upgraded shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $136.05.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,364 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the sale, the insider owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the sale, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock worth $1,714,544 over the last ninety days. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Trading Up 1.1%

Shares of C.H. Robinson Worldwide stock opened at $127.39 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $138.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company’s 50-day simple moving average is $128.74 and its 200-day simple moving average is $107.54. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.74 and a beta of 0.90.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is 56.49%.

About C.H. Robinson Worldwide

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.