Dorsey & Whitney Trust CO LLC Has $3.85 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Dorsey & Whitney Trust CO LLC grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,722 shares of the transportation company’s stock after purchasing an additional 1,556 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in C.H. Robinson Worldwide were worth $3,853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Quent Capital LLC increased its holdings in 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 buying an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of C.H. Robinson Worldwide by 147.0% during the 1st 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 in the last quarter. Evermay Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 336.0% in the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 420 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the first quarter worth $49,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $101.07 on Tuesday. The business’s 50 day moving average is $95.16 and its 200-day moving average is $84.27. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $11.83 billion, a PE ratio of 39.95, a PEG ratio of 2.04 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $105.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current 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 is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.45%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 98.02%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,979,372.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CHRW shares. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. Barclays boosted their target price on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Susquehanna increased their price target on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Raymond James assumed coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They issued a “market perform” rating for the company. Finally, TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus price target of $93.67.

About C.H. Robinson Worldwide

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.