Vest Financial LLC Grows Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vest Financial LLC increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 44.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 627,804 shares of the transportation company’s stock after buying an additional 192,205 shares during the quarter. C.H. Robinson Worldwide comprises approximately 1.3% of Vest Financial LLC’s holdings, making the stock its 5th largest holding. Vest Financial LLC owned approximately 0.54% of C.H. Robinson Worldwide worth $55,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Empirical Finance LLC raised its holdings in shares of C.H. Robinson Worldwide by 3.4% in the first quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock worth $325,000 after buying an additional 140 shares during the period. Quent Capital LLC lifted its position in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the last quarter. Redwood Investment Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 0.6% during the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after purchasing an additional 165 shares during the period. Kentucky Retirement Systems grew its holdings in shares of C.H. Robinson Worldwide by 2.0% in the fourth quarter. Kentucky Retirement Systems now owns 9,333 shares of the transportation company’s stock worth $806,000 after purchasing an additional 181 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in C.H. Robinson Worldwide by 13.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock worth $130,000 after buying an additional 184 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $100.07 on Thursday. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $105.41. The business’s fifty day simple moving average is $95.71 and its 200-day simple moving average is $84.58. 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 company has a market cap of $11.72 billion, a PE ratio of 39.55, a PEG ratio of 2.04 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion for 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 firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a $0.62 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CHRW has been the subject of several research reports. Benchmark boosted their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. UBS Group raised their price objective on C.H. Robinson Worldwide from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Finally, Barclays increased their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $93.67.

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.