Brown Brothers Harriman & Co. Increases Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Brown Brothers Harriman & Co. increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.6% in the second quarter, Holdings Channel reports. The firm owned 6,430 shares of the transportation company’s stock after acquiring an additional 400 shares during the period. Brown Brothers Harriman & Co.’s holdings in C.H. Robinson Worldwide were worth $567,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CHRW. Van ECK Associates Corp boosted its position in C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares during the period. First Eagle Investment Management LLC boosted its position in C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after buying an additional 2,003,158 shares during the last quarter. Pzena Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $66,474,000. Norges Bank purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $52,341,000. Finally, Pinebridge Investments L.P. boosted its position in C.H. Robinson Worldwide by 105.5% in the 4th quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock valued at $51,286,000 after buying an additional 304,709 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW opened at $100.26 on Wednesday. The company’s 50-day moving average price is $96.50 and its 200 day moving average price is $85.20. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $105.41. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 2.02 and a beta of 0.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

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

C.H. Robinson Worldwide Increases Dividend

The company 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 $0.62 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of analyst reports. TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Benchmark increased their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $93.67.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the firm’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 value of $1,071,751.72. Following the sale, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.47% of the stock is owned by company insiders.

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.