C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 64.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,940 shares of the transportation company’s stock after acquiring an additional 22,231 shares during the period. Toronto Dominion Bank’s holdings in C.H. Robinson Worldwide were worth $5,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Massmutual Trust Co. FSB ADV boosted its stake in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the last quarter. Quent Capital LLC boosted its position in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after acquiring an additional 146 shares during the last quarter. UMB Bank n.a. boosted its position in C.H. Robinson Worldwide by 147.0% during the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after acquiring an additional 294 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $49,000. Finally, EdgeRock Capital LLC acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at $62,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CHRW. Barclays lifted their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price objective for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Robert W. Baird raised their target price on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Susquehanna boosted their target price on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Two research 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $95.33.

Insider Buying and Selling

In other 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 transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Up 0.7 %

NASDAQ CHRW opened at $108.34 on Friday. The business has a 50 day moving average price of $99.78 and a two-hundred day moving average price of $87.17. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $109.33. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The stock has a market cap of $12.69 billion, a PE ratio of 42.82, a P/E/G ratio of 2.15 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 business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given 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 dividend yield of 2.29%. The ex-dividend date is Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 98.02%.

About C.H. Robinson Worldwide

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.