C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4,229.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,208 shares of the transportation company’s stock after purchasing an additional 2,157 shares during the quarter. Acadian Asset Management LLC’s holdings in C.H. Robinson Worldwide were worth $193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $52,341,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in C.H. Robinson Worldwide by 58.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,735 shares of the transportation company’s stock worth $409,000 after purchasing an additional 1,747 shares in the last quarter. Balentine LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $206,000. Quest Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $343,000. Finally, Franklin Resources Inc. grew its stake in shares of C.H. Robinson Worldwide by 12.1% during the fourth quarter. Franklin Resources Inc. now owns 78,546 shares of the transportation company’s stock worth $6,786,000 after purchasing an additional 8,477 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 0.5 %

C.H. Robinson Worldwide stock opened at $104.20 on Friday. The stock has a 50 day moving average of $97.45 and a two-hundred day moving average of $85.63. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $105.41. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 2.02 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94.

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, topping the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a $0.62 dividend. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.38%. C.H. Robinson Worldwide’s payout ratio is presently 98.02%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction dated 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 in the company, valued at $6,979,372.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHRW. Robert W. Baird lifted their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and upped their price target for the company from $82.00 to $99.00 in a report on Tuesday, June 25th. Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their target price for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.67.

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.