C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Position Increased by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,058 shares of the transportation company’s stock after purchasing an additional 2,300 shares during the period. C.H. Robinson Worldwide accounts for 0.9% of Sprucegrove Investment Management Ltd.’s portfolio, making the stock its 24th largest position. Sprucegrove Investment Management Ltd. owned approximately 0.16% of C.H. Robinson Worldwide worth $16,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CHRW. Vanguard Personalized Indexing Management LLC raised its stake in C.H. Robinson Worldwide by 19.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,506 shares of the transportation company’s stock valued at $1,102,000 after acquiring an additional 2,009 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in C.H. Robinson Worldwide by 7.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 104,564 shares of the transportation company’s stock valued at $9,214,000 after acquiring an additional 7,600 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in C.H. Robinson Worldwide by 779.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 114,022 shares of the transportation company’s stock valued at $10,048,000 after acquiring an additional 101,055 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in C.H. Robinson Worldwide by 6.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 6,430 shares of the transportation company’s stock valued at $567,000 after acquiring an additional 400 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $1,797,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Cowen boosted their price objective on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Benchmark boosted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. UBS Group boosted their price objective on C.H. Robinson Worldwide from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Barclays boosted their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Finally, StockNews.com raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $93.67.

Insider Activity

In other news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide 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 owns 70,943 shares in the company, valued at $6,979,372.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $103.64 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $105.41. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 2.02 and a beta of 0.82. The stock’s fifty day simple moving average is $97.10 and its 200-day simple moving average is $85.50.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a dividend of $0.62 per share. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.39%. C.H. Robinson Worldwide’s payout ratio is currently 98.02%.

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.