Vest Financial LLC Acquires 82,609 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Vest Financial LLC lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 589,485 shares of the transportation company’s stock after purchasing an additional 82,609 shares during the period. Vest Financial LLC’s holdings in C.H. Robinson Worldwide were worth $56,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. North Capital Inc. purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $25,000. WPG Advisers LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $32,000. National Pension Service boosted its stake in shares of C.H. Robinson Worldwide by 74.4% in the 1st 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. Ransom Advisory Ltd purchased a new position in C.H. Robinson Worldwide during the first quarter valued at $51,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in C.H. Robinson Worldwide by 307.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 400 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock worth $1,714,544 over the last ninety days. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Trading Down 2.8%

Shares of CHRW stock opened at $125.31 on Monday. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $138.00. 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 stock’s 50-day moving average price is $127.74 and its 200-day moving average price is $106.75. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHRW. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Barclays upgraded C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $95.00 to $130.00 in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft lifted their target price on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $127.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, UBS Group boosted their price objective on C.H. Robinson Worldwide from $133.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.