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

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in C.H. Robinson Worldwide by 15.5%, owning 16,258 shares valued at approximately $1.56 million as of the latest SEC filing.
• In recent insider activity, two executives sold a combined total of 8,864 shares, resulting in a decrease in their ownership positions by 1.88% and 9.53%, respectively.
• An analyst upgrade led to an increase in price targets for C.H. Robinson, with JPMorgan raising its target from $126 to $155 and Stifel Nicolaus from $111 to $144.

Vanguard Personalized Indexing Management LLC lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 15.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,258 shares of the transportation company's stock after buying an additional 2,187 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in C.H. Robinson Worldwide were worth $1,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CHRW. North Capital Inc. purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $25,000. WPG Advisers LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $32,000. National Pension Service boosted its position in shares of C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company's stock worth $44,000 after purchasing an additional 183 shares during the period. Ransom Advisory Ltd purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $51,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of C.H. Robinson Worldwide by 307.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the transportation company's stock worth $54,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity

In other news, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael John Short sold 6,364 shares of the firm'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 sale, the insider owned 60,401 shares in the company, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of C.H. Robinson Worldwide from $126.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Barclays raised shares of C.H. Robinson Worldwide from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $95.00 to $130.00 in a research report on Wednesday, October 1st. Baird R W raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the company a "buy" rating in a research report on Friday, October 10th. One equities research 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, the stock has an average rating of "Moderate Buy" and an average price target of $136.05.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $127.39 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $138.00. The stock has a market capitalization of $15.04 billion, a PE ratio of 29.02, a P/E/G ratio of 1.74 and a beta of 0.90. The firm has a 50 day moving average of $128.74 and a two-hundred day moving average of $107.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating 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 last year, the business earned $1.15 EPS. The company's revenue was down 7.7% on a year-over-year basis. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $0.62 dividend. 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 dividend payout ratio (DPR) is presently 56.49%.

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.

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