IFM Investors Pty Ltd Raises Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

IFM Investors Pty Ltd grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 19.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,812 shares of the transportation company’s stock after buying an additional 3,797 shares during the period. IFM Investors Pty Ltd’s holdings in C.H. Robinson Worldwide were worth $2,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CHRW. Boston Partners purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $234,304,000. Allianz Asset Management GmbH boosted its stake in shares of C.H. Robinson Worldwide by 144.4% during the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company’s stock worth $80,292,000 after purchasing an additional 463,216 shares during the period. GAMMA Investing LLC boosted its stake in shares of C.H. Robinson Worldwide by 7,706.1% during the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company’s stock worth $46,578,000 after purchasing an additional 449,034 shares during the period. Nuveen LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $40,825,000. Finally, Northern Trust Corp boosted its stake in shares of C.H. Robinson Worldwide by 30.3% during the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock worth $174,393,000 after purchasing an additional 396,264 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $133.98 on Tuesday. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00. The stock has a fifty day moving average price of $119.03 and a 200-day moving average price of $103.52. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a market cap of $15.82 billion, a PE ratio of 30.52, a P/E/G ratio of 2.13 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 EPS. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is 56.49%.

Analysts Set New Price Targets

A number of research firms recently commented on CHRW. UBS Group reaffirmed a “buy” rating and set a $133.00 price target (up from $129.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Barclays reaffirmed an “underweight” rating and set a $95.00 price target (up from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $117.24.

Insider Activity

In related news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the sale, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the sale, the insider directly owned 60,401 shares in the company, valued at $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock valued at $1,714,544 in the last ninety days. Insiders own 0.91% of the company’s stock.

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.