Intech Investment Management LLC Sells 115,103 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Intech Investment Management LLC lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 82.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,259 shares of the transportation company’s stock after selling 115,103 shares during the period. Intech Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $2,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Swedbank AB acquired a new position in C.H. Robinson Worldwide in the first quarter valued at about $1,051,000. Norden Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $4,585,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of C.H. Robinson Worldwide by 13.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock worth $16,301,000 after acquiring an additional 26,156 shares in the last quarter. Cetera Advisors LLC bought a new position in C.H. Robinson Worldwide in the first quarter valued at approximately $6,665,000. Finally, Wilkins Investment Counsel Inc. raised its position in C.H. Robinson Worldwide by 34.7% during the fourth quarter. Wilkins Investment Counsel Inc. now owns 53,795 shares of the transportation company’s stock valued at $4,647,000 after purchasing an additional 13,860 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $106.45 on Tuesday. The business has a 50-day moving average of $98.18 and a 200-day moving average of $86.31. 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 capitalization of $12.46 billion, a price-to-earnings ratio of 42.08, a price-to-earnings-growth 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 $106.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the business earned $0.90 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be given a $0.62 dividend. The ex-dividend date is Friday, September 6th. 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 dividend yield of 2.33%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 98.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHRW shares. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Tuesday, July 9th. Susquehanna lifted their target price on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. UBS Group increased their target price on shares of C.H. Robinson Worldwide from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. StockNews.com raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Finally, Benchmark increased their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $93.67.

C.H. Robinson Worldwide 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.