C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Savant Capital LLC

Savant Capital LLC boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,373 shares of the transportation company’s stock after buying an additional 16,245 shares during the period. Savant Capital LLC owned approximately 0.15% of C.H. Robinson Worldwide worth $15,013,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Empirical Finance LLC raised its holdings in shares of C.H. Robinson Worldwide by 3.4% in the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock valued at $325,000 after buying an additional 140 shares during the period. Quent Capital LLC grew its stake in shares of C.H. Robinson Worldwide by 94.8% in 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 in the last quarter. Redwood Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 0.6% in the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after acquiring an additional 165 shares in the last quarter. Kentucky Retirement Systems boosted its holdings in C.H. Robinson Worldwide by 2.0% in the fourth quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock valued at $806,000 after purchasing an additional 181 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in C.H. Robinson Worldwide by 13.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock worth $130,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 1.4 %

Shares of NASDAQ CHRW opened at $100.80 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $105.41. The company has a market capitalization of $11.80 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82. The firm’s 50-day moving average is $94.88 and its two-hundred day moving average is $83.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.19. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio is currently 98.02%.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of analyst reports. Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $82.00 to $99.00 in a research report on Tuesday, June 25th. Raymond James started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, May 15th. They issued a “market perform” rating on the stock. Robert W. Baird lifted their price objective 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. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research note on Wednesday, July 3rd. Finally, UBS Group raised their target price on C.H. Robinson Worldwide from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $93.67.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Company 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.