Legacy Financial Advisors Inc. Has $595,000 Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Legacy Financial Advisors Inc. increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 45.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,752 shares of the transportation company’s stock after purchasing an additional 2,118 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in C.H. Robinson Worldwide were worth $595,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in C.H. Robinson Worldwide by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after purchasing an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC raised its position in C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after acquiring an additional 2,003,158 shares in the last quarter. Van ECK Associates Corp lifted its stake in C.H. Robinson Worldwide by 13,682.5% in the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after acquiring an additional 2,643,193 shares during the last quarter. ProShare Advisors LLC grew its position in C.H. Robinson Worldwide by 5.0% in the first quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock worth $152,426,000 after acquiring an additional 94,616 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of 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 worth $151,689,000 after purchasing an additional 68,491 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent research reports. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Evercore ISI upgraded shares of C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and raised their target price for the company from $82.00 to $99.00 in a research note on Tuesday, June 25th. TD Cowen boosted their target price on shares of 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. Finally, UBS Group upped their price target on shares of C.H. Robinson Worldwide from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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 company’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 sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $104.20 on Friday. The stock’s 50 day simple moving average is $97.80 and its 200-day simple moving average is $85.97. 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 stock has a market cap of $12.20 billion, a PE ratio of 41.19, a P/E/G ratio of 2.02 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $105.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.13 EPS 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. Shareholders of record on Friday, September 6th will be paid a dividend of $0.62 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, September 6th. C.H. Robinson Worldwide’s dividend 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.