Vest Financial LLC Purchases 82,609 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Vest Financial LLC increased its holdings in C.H. Robinson Worldwide, acquiring 82,609 shares and raising its ownership by 16.3%, now totaling approximately 589,485 shares worth $56.6 million.
• Analysts have varied views on C.H. Robinson, with some upgrading the stock to "strong-buy," while others have reduced ratings, reflecting a consensus average rating of "Moderate Buy" and a target price of $132.14.
• C.H. Robinson Worldwide reported earnings of $1.29 per share, surpassing estimates, but noted a 7.7% decrease in revenue compared to the previous year, alongside declaring a quarterly dividend of $0.62 per share.

Vest Financial LLC grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 16.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 589,485 shares of the transportation company's stock after purchasing an additional 82,609 shares during the quarter. Vest Financial LLC owned approximately 0.50% of C.H. Robinson Worldwide worth $56,561,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CHRW. Vanguard Group Inc. boosted its holdings in C.H. Robinson Worldwide by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company's stock valued at $1,493,645,000 after acquiring an additional 51,207 shares during the period. Boston Partners purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at about $234,304,000. Invesco Ltd. boosted its holdings in C.H. Robinson Worldwide by 8.4% during the 1st quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company's stock valued at $234,058,000 after acquiring an additional 176,374 shares during the period. Northern Trust Corp boosted its holdings in C.H. Robinson Worldwide by 30.3% during the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after acquiring an additional 396,264 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in C.H. Robinson Worldwide by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company's stock valued at $144,965,000 after acquiring an additional 16,068 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHRW has been the subject of several analyst reports. Baird R W upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. UBS Group increased their price objective on C.H. Robinson Worldwide from $133.00 to $166.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $127.00 to $155.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Robert W. Baird upgraded C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Thursday, July 31st. Finally, Citigroup cut C.H. Robinson Worldwide from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $134.00 to $148.00 in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus target price of $132.14.

Insider Activity at C.H. Robinson Worldwide

In related news, 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 completion of the transaction, the insider owned 65,728 shares of the company's stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $746,115.36. Following 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 disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock valued at $1,714,544 in the last 90 days. Corporate insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Trading Down 2.8%

CHRW opened at $125.31 on Monday. The stock has a market cap of $14.80 billion, a PE ratio of 28.54, a PEG ratio of 1.73 and a beta of 0.90. 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 business has a 50 day moving average of $127.74 and a 200-day moving average of $106.75. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted 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 return on equity of 35.01% and a net margin of 3.14%.The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the company earned $1.15 EPS. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts predict 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 was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) 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.

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