C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 38.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,488 shares of the transportation company’s stock after purchasing an additional 3,437 shares during the period. QRG Capital Management Inc.’s holdings in C.H. Robinson Worldwide were worth $1,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. North Capital Inc. purchased a new position in C.H. Robinson Worldwide in the first quarter valued at $25,000. NBC Securities Inc. purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth about $27,000. WPG Advisers LLC purchased a new stake in C.H. Robinson Worldwide in the 1st quarter valued at approximately $32,000. National Pension Service boosted its holdings in C.H. Robinson Worldwide by 74.4% in the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 183 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $51,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $134.04 on Thursday. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00. The company’s 50-day moving average price is $127.24 and its two-hundred day moving average price is $106.31. The firm has a market cap of $15.83 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 1.85 and a beta of 0.90. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the business earned $1.15 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on CHRW shares. Barclays upgraded C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $95.00 to $130.00 in a research report on Wednesday, October 1st. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research note on Tuesday, July 1st. Wells Fargo & Company raised their price objective on shares of C.H. Robinson Worldwide from $127.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the stock a “positive” rating in a research report on Wednesday, September 24th. Finally, Bank of America lifted their price target on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $130.57.

Insider Activity

In related news, insider Angela K. Freeman sold 5,713 shares of the business’s 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 transaction, the insider owned 65,728 shares in the company, valued at $7,640,222.72. The trade was a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the transaction, the insider owned 130,591 shares in the company, valued at $15,898,148.34. The trade was a 1.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,577 shares of company stock worth $1,714,544. 1.47% of the stock is currently owned by corporate insiders.

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.