Victory Capital Management Inc. Raises Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Victory Capital Management Inc. grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 459,530 shares of the transportation company’s stock after buying an additional 65,635 shares during the period. Victory Capital Management Inc.’s holdings in C.H. Robinson Worldwide were worth $60,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHRW. Goldman Sachs Group Inc. increased its stake in C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after buying an additional 24,788 shares during the period. United Services Automobile Association purchased a new position in C.H. Robinson Worldwide in the 1st quarter valued at approximately $259,000. Empowered Funds LLC grew its stake in shares of C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after acquiring an additional 350 shares in the last quarter. Woodline Partners LP grew its stake in shares of C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after acquiring an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth increased its position in shares of C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after acquiring an additional 359 shares during the period. 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, CEO David P. Bozeman purchased 1,223 shares of the stock in a transaction dated Thursday, February 12th. The shares were bought at an average cost of $163.34 per share, with a total value of $199,764.82. Following the completion of the transaction, the chief executive officer owned 190,600 shares in the company, valued at $31,132,604. This trade represents a 0.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the sale, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. This represents a 10.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $145.00 to $200.00 in a research report on Tuesday, December 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $149.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $200.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Benchmark lifted their price target on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $179.64 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50-day simple moving average is $180.33 and its 200-day simple moving average is $155.08. The firm has a market cap of $21.31 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.