Auto Owners Insurance Co Sells 3,387 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Auto Owners Insurance Co reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 26.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,400 shares of the transportation company’s stock after selling 3,387 shares during the quarter. Auto Owners Insurance Co’s holdings in C.H. Robinson Worldwide were worth $902,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CHRW. Amalgamated Bank lifted its holdings in C.H. Robinson Worldwide by 1.9% during the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock worth $2,365,000 after acquiring an additional 432 shares during the period. Deseret Mutual Benefit Administrators raised its stake in shares of C.H. Robinson Worldwide by 5.5% in the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock valued at $223,000 after buying an additional 114 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of C.H. Robinson Worldwide by 32.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,536 shares of the transportation company’s stock valued at $1,591,000 after buying an additional 3,832 shares during the period. Revisor Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 84.2% in the first quarter. Revisor Wealth Management LLC now owns 3,987 shares of the transportation company’s stock valued at $410,000 after buying an additional 1,823 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of C.H. Robinson Worldwide by 973.1% in the first quarter. Teacher Retirement System of Texas now owns 111,677 shares of the transportation company’s stock valued at $11,436,000 after buying an additional 101,270 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Michael John Short sold 6,364 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the transaction, the insider directly owned 60,401 shares in the company, valued at $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the transaction, the insider owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 over the last ninety days. 0.91% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $128.07 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current 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 firm has a market cap of $15.12 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.79 and a beta of 0.90. The business’s fifty day moving average is $129.66 and its 200 day moving average is $109.50.

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

C.H. Robinson Worldwide Announces Dividend

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

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research reports. Wolfe Research upgraded C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Tuesday, July 1st. UBS Group boosted their target price on C.H. Robinson Worldwide from $133.00 to $166.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Bank of America boosted their target price on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on C.H. Robinson Worldwide from $126.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $136.05.

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.