C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Holdings Raised by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,330 shares of the transportation company’s stock after acquiring an additional 625 shares during the quarter. Royal London Asset Management Ltd.’s holdings in C.H. Robinson Worldwide were worth $4,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after purchasing an additional 177,119 shares during the period. First Eagle Investment Management LLC boosted its position in C.H. Robinson Worldwide by 21.1% during the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after purchasing an additional 2,003,158 shares during the period. Van ECK Associates Corp boosted its position in C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after purchasing an additional 2,643,193 shares during the period. ProShare Advisors LLC boosted its position in C.H. Robinson Worldwide by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock valued at $152,426,000 after purchasing an additional 94,616 shares during the period. Finally, Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock valued at $151,689,000 after purchasing an additional 68,491 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of a number of analyst reports. StockNews.com upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. TD Cowen boosted their price target on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Evercore ISI upgraded C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $82.00 to $99.00 in a research report on Tuesday, June 25th. Finally, Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.67.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Up 0.6 %

Shares of C.H. Robinson Worldwide stock opened at $100.07 on Friday. The stock’s fifty day moving average is $96.22 and its 200-day moving average is $84.94. The firm has a market capitalization of $11.72 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 2.02 and a beta of 0.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $105.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. C.H. Robinson Worldwide’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.48%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, September 6th. C.H. Robinson Worldwide’s payout ratio is presently 98.02%.

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.