Intech Investment Management LLC Acquires 9,115 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Intech Investment Management LLC increased its stake in C.H. Robinson Worldwide, buying an additional 9,115 shares, resulting in a total of 29,728 shares worth approximately $3.04 million.
• Insider selling activity includes Michael John Short selling 6,364 shares for about $746,115 and Angela K. Freeman selling 5,713 shares for approximately $664,079, indicating a notable decrease in their ownership positions.
• C.H. Robinson Worldwide declared a quarterly dividend of $0.62 per share, with a yield of 1.9% and an upcoming payment date on October 2nd.

Intech Investment Management LLC boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 44.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,728 shares of the transportation company's stock after acquiring an additional 9,115 shares during the period. Intech Investment Management LLC's holdings in C.H. Robinson Worldwide were worth $3,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. North Capital Inc. bought a new position in C.H. Robinson Worldwide during the 1st quarter worth about $25,000. NBC Securities Inc. bought a new position in C.H. Robinson Worldwide during the 1st quarter worth about $27,000. First Financial Corp IN bought a new position in C.H. Robinson Worldwide during the 1st quarter worth about $31,000. WPG Advisers LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter worth about $32,000. Finally, AdvisorNet Financial Inc grew its holdings in C.H. Robinson Worldwide by 252.1% during the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after acquiring an additional 300 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the transaction, the insider directly owned 65,728 shares of the company's stock, valued at $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,577 shares of company stock valued at $1,714,544. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $132.41 on Friday. The firm has a market capitalization of $15.64 billion, a P/E ratio of 30.16, a PEG ratio of 2.05 and a beta of 0.87. 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 has a 50 day moving average price of $114.70 and a 200 day moving average price of $102.03. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $132.92.

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 EPS for the quarter, beating the consensus estimate of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. C.H. Robinson Worldwide's revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.15 EPS. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Analysts Set New Price Targets

Several research analysts have issued reports on CHRW shares. Susquehanna reiterated a "positive" rating and set a $120.00 target price (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Citigroup increased their price target on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average price target of $117.24.

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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.