Vanguard Group Inc. Acquires 51,207 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vanguard Group Inc. raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,586,381 shares of the transportation company's stock after purchasing an additional 51,207 shares during the quarter. Vanguard Group Inc. owned approximately 12.34% of C.H. Robinson Worldwide worth $1,493,645,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp lifted its position in shares of C.H. Robinson Worldwide by 4.3% in the fourth quarter. Northern Trust Corp now owns 1,306,795 shares of the transportation company's stock valued at $135,018,000 after buying an additional 53,419 shares during the last quarter. First Trust Advisors LP raised its holdings in C.H. Robinson Worldwide by 163.6% in the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock valued at $124,625,000 after acquiring an additional 748,661 shares in the last quarter. Deutsche Bank AG raised its holdings in C.H. Robinson Worldwide by 25.8% in the 4th quarter. Deutsche Bank AG now owns 938,407 shares of the transportation company's stock valued at $96,956,000 after acquiring an additional 192,744 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in C.H. Robinson Worldwide by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 903,406 shares of the transportation company's stock valued at $93,343,000 after acquiring an additional 4,058 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of C.H. Robinson Worldwide by 144.4% in the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock valued at $80,292,000 after purchasing an additional 463,216 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,364 shares of the company'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 value of $746,115.36. Following the transaction, the insider directly owned 60,401 shares in the company, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 5,713 shares of the company'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 completion of the transaction, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded down $0.48 during trading hours on Friday, hitting $121.05. The company's stock had a trading volume of 240,791 shares, compared to its average volume of 1,325,705. The company has a market cap of $14.29 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.90 and a beta of 0.86. 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 business has a 50 day simple moving average of $101.46 and a two-hundred day simple moving average of $98.13. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $122.05.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%. The firm had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The company's revenue was down 7.7% on a year-over-year basis. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal 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 $0.62 dividend. 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 dividend payout ratio is 56.49%.

Analysts Set New Price Targets

CHRW has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Raymond James Financial set a $111.00 price objective on C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. upped their price target on 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. UBS Group reiterated a "buy" rating and issued a $133.00 price target (up previously from $129.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Finally, Bank of America boosted their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.