Savant Capital LLC Grows Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Savant Capital LLC increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,373 shares of the transportation company’s stock after purchasing an additional 16,245 shares during the quarter. Savant Capital LLC’s holdings in C.H. Robinson Worldwide were worth $15,013,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC increased its position 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. Massmutual Trust Co. FSB ADV increased its holdings in C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $30,000. UMB Bank n.a. raised its position in C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 294 shares during the period. Finally, Evermay Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 336.0% during the fourth quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after purchasing an additional 420 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 %

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. The company has a market capitalization of $11.80 billion, a P/E ratio of 39.84, a PEG ratio of 2.09 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $105.41. The company’s 50 day simple moving average is $94.88 and its 200 day simple moving average is $83.91.

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

C.H. Robinson Worldwide Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on CHRW shares. TD Cowen upped their price target on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Raymond James began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, May 15th. They set a “market perform” rating for the company. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $82.00 to $99.00 in a research report on Tuesday, June 25th. Finally, Benchmark increased their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a 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 assigned a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $93.67.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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.