C.H. Robinson Worldwide, Inc. $CHRW Stake Lessened by Sprucegrove Investment Management Ltd.

Key Points

• Sprucegrove Investment Management Ltd. reduced its stake in C.H. Robinson Worldwide, Inc. by 18%, now owning approximately $15.78 million worth of shares, making it the firm's 17th largest position.
• Recent analyst reports show mixed ratings for C.H. Robinson, with 14 analysts issuing buy ratings and a consensus price target of $116.33.
• The company recently declared a quarterly dividend of $0.62 per share, reflecting a 2.0% yield and a payout ratio of 56.49%.

Sprucegrove Investment Management Ltd. trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,082 shares of the transportation company's stock after selling 33,776 shares during the period. C.H. Robinson Worldwide accounts for approximately 1.4% of Sprucegrove Investment Management Ltd.'s investment portfolio, making the stock its 17th biggest holding. Sprucegrove Investment Management Ltd. owned about 0.13% of C.H. Robinson Worldwide worth $15,778,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. North Capital Inc. acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth about $25,000. NBC Securities Inc. acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth about $27,000. First Financial Corp IN acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth about $31,000. AdvisorNet Financial Inc grew its position 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 purchasing an additional 300 shares during the period. Finally, National Pension Service grew its position 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 worth $44,000 after purchasing an additional 183 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded up $1.8110 during mid-day trading on Thursday, hitting $122.8910. 492,092 shares of the company's stock were exchanged, compared to its average volume of 1,326,194. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $14.51 billion, a P/E ratio of 28.00, a P/E/G ratio of 1.95 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $124.94. The business's 50 day moving average is $103.59 and its two-hundred day moving average is $98.63.

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 analysts' consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm's revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's payout ratio is currently 56.49%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares of the company's stock, 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. Insiders sold 14,577 shares of company stock worth $1,714,544 in the last ninety days. Insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHRW shares. Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Citigroup upped their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Baird R W raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. TD Cowen increased their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Finally, Barclays reissued an "underweight" rating and issued a $95.00 target price (up previously from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.33.

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.