International Assets Investment Management LLC Acquires Shares of 38,414 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

International Assets Investment Management LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38,414 shares of the transportation company’s stock, valued at approximately $42,400,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in C.H. Robinson Worldwide by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after buying an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after acquiring an additional 2,003,158 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of C.H. Robinson Worldwide by 13,682.5% in the 1st 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 raised its position in shares of C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after acquiring an additional 526,872 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in C.H. Robinson Worldwide by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company’s stock worth $115,921,000 after purchasing an additional 34,632 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide 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 transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHRW. Barclays increased their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Benchmark lifted their target price on 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. The Goldman Sachs Group raised their price target on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Bank of America upgraded 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 research note on Monday, July 22nd. Finally, UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $100.29.

C.H. Robinson Worldwide Stock Up 1.3 %

Shares of CHRW stock opened at $108.12 on Monday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The business’s fifty day moving average is $105.17 and its 200-day moving average is $92.20. The stock has a market cap of $12.66 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 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 for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the business earned $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. Equities analysts expect 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 company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.29%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 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.