Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Buys 3,865 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 26.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,647 shares of the transportation company’s stock after acquiring an additional 3,865 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in C.H. Robinson Worldwide were worth $1,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quent Capital LLC raised its stake in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in C.H. Robinson Worldwide by 168.2% in the 2nd 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. lifted its holdings in C.H. Robinson Worldwide by 147.0% during the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 294 shares during the last quarter. Sentry Investment Management LLC bought a new position in C.H. Robinson Worldwide during the first quarter worth $49,000. Finally, EdgeRock Capital LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $62,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research analyst reports. TD Cowen lifted 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 report on Thursday, August 1st. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, Evercore ISI upgraded C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $82.00 to $99.00 in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $95.33.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $109.80 on Wednesday. The company has a 50 day moving average of $100.57 and a 200-day moving average of $87.76. The company has a market cap of $12.86 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 2.15 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, Inc. has a 1-year low of $65.00 and a 1-year high of $110.51.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its 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. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, September 6th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s payout ratio is currently 98.02%.

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.