Victory Capital Management Inc. Reduces Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Victory Capital Management Inc. lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 66.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,810 shares of the transportation company’s stock after selling 38,654 shares during the quarter. Victory Capital Management Inc.’s holdings in C.H. Robinson Worldwide were worth $1,746,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quent Capital LLC grew its holdings in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the period. UMB Bank n.a. increased its holdings in shares of C.H. Robinson Worldwide by 147.0% in the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 294 shares during the period. Evermay Wealth Management LLC boosted its stake in C.H. Robinson Worldwide by 336.0% during the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after purchasing an additional 420 shares during the period. Finally, Sentry Investment Management LLC purchased a new position in C.H. Robinson Worldwide during the 1st quarter worth $49,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CHRW shares. Barclays raised their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Evercore ISI raised shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $82.00 to $99.00 in a research note on Tuesday, June 25th. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Finally, Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $93.67.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $102.04 on Thursday. The company has a 50-day simple moving average of $96.77 and a 200-day simple moving average of $85.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $11.95 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 2.02 and a beta of 0.82. 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. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the business earned $0.90 earnings per share. C.H. Robinson Worldwide’s revenue was up 1.4% compared to the same quarter last year. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 6th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.43%. C.H. Robinson Worldwide’s payout ratio is currently 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.