ING Groep NV purchased a new position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,210 shares of the transportation company’s stock, valued at approximately $269,000.
Several other large investors also recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in C.H. Robinson Worldwide during the second quarter valued at $132,000. Sit Investment Associates Inc. increased its stake in C.H. Robinson Worldwide by 77.5% during the second quarter. Sit Investment Associates Inc. now owns 1,775 shares of the transportation company’s stock valued at $148,000 after purchasing an additional 775 shares during the last quarter. Institutional & Family Asset Management LLC bought a new stake in C.H. Robinson Worldwide during the first quarter valued at $184,000. Cerebellum GP LLC bought a new stake in C.H. Robinson Worldwide during the second quarter valued at $177,000. Finally, Foundry Partners LLC bought a new stake in C.H. Robinson Worldwide during the first quarter valued at $205,000. Institutional investors and hedge funds own 86.00% of the company’s stock.
Shares of CHRW traded up $1.56 during midday trading on Friday, hitting $100.09. 972,876 shares of the stock traded hands, compared to its average volume of 798,361. C.H. Robinson Worldwide Inc has a 1-year low of $70.23 and a 1-year high of $101.20. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 2.46 and a beta of 0.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.81 and a current ratio of 1.81.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, September 6th. C.H. Robinson Worldwide’s payout ratio is currently 52.87%.
In related news, insider Michael W. Neill sold 452 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $96.10, for a total value of $43,437.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Wiehoff sold 30,000 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $96.45, for a total transaction of $2,893,500.00. Following the completion of the sale, the chief executive officer now owns 715,727 shares in the company, valued at $69,031,869.15. The disclosure for this sale can be found here. Insiders sold 46,758 shares of company stock valued at $4,526,546 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.
Several research firms have weighed in on CHRW. Robert W. Baird reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, August 1st. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Stephens reiterated a “hold” rating and set a $98.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, August 1st. BidaskClub lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $93.00 to $98.00 and gave the company a “market perform” rating in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $93.73.
C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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