C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 128.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,164 shares of the transportation company's stock after buying an additional 79,963 shares during the period. Victory Capital Management Inc. owned 0.12% of C.H. Robinson Worldwide worth $14,558,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CHRW. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $134,833,000. First Trust Advisors LP boosted its holdings in shares of 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 buying an additional 748,661 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of C.H. Robinson Worldwide by 25.7% in the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares in the last quarter. GAMMA Investing LLC raised its position in C.H. Robinson Worldwide by 7,706.1% in the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after purchasing an additional 449,034 shares during the last quarter. Finally, Marshall Wace LLP raised its position in C.H. Robinson Worldwide by 386.9% in the 4th quarter. Marshall Wace LLP now owns 374,941 shares of the transportation company's stock valued at $38,739,000 after purchasing an additional 297,938 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded down $0.46 during mid-day trading on Friday, hitting $102.71. 1,416,860 shares of the company's stock traded hands, compared to its average volume of 997,261. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The firm's 50 day simple moving average is $96.76 and its 200 day simple moving average is $97.26. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $114.82. The company has a market cap of $12.19 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company's quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.41%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

Insider Activity

In related news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the sale, the insider directly owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.47% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CHRW. Jefferies Financial Group reduced their price target on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Robert W. Baird began coverage on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $105.00 price target for the company. UBS Group reduced their target price on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd. Bank of America raised their target price on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.29.

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.