Board of the Pension Protection Fund Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Board of the Pension Protection Fund purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,100 shares of the transportation company’s stock, valued at approximately $1,353,000.

Other hedge funds have also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new position in C.H. Robinson Worldwide in the first quarter worth approximately $25,000. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide in the first quarter worth approximately $27,000. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide in the first quarter worth approximately $32,000. National Pension Service grew its position in C.H. Robinson Worldwide by 74.4% in the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after buying an additional 183 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in C.H. Robinson Worldwide in the first quarter worth approximately $51,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 2.8%

Shares of C.H. Robinson Worldwide stock opened at $125.31 on Friday. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 1.73 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $138.00. The stock has a 50-day simple moving average of $127.74 and a 200-day simple moving average of $106.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. The business 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 firm’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

Insider Activity

In other news, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. The trade was a 8.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 in the last three months. 1.47% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $134.00 to $148.00 in a research report on Wednesday. Evercore ISI lifted their price objective on shares of C.H. Robinson Worldwide from $116.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. raised their target price on C.H. Robinson Worldwide from $126.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group lifted their price target on C.H. Robinson Worldwide from $133.00 to $166.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $132.14.

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.