Mutual of America Capital Management LLC Sells 527 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mutual of America Capital Management LLC trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,771 shares of the transportation company’s stock after selling 527 shares during the period. Mutual of America Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,302,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CHRW. Brown Brothers Harriman & Co. grew its position in shares of C.H. Robinson Worldwide by 6.6% during the second quarter. Brown Brothers Harriman & Co. now owns 6,430 shares of the transportation company’s stock worth $567,000 after purchasing an additional 400 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $1,797,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $6,486,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 8.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 113,447 shares of the transportation company’s stock worth $9,997,000 after buying an additional 9,094 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth $476,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research analyst reports. UBS Group boosted their price target on shares of C.H. Robinson Worldwide from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Benchmark lifted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Susquehanna boosted their price target on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday. 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 company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average target price of $95.33.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $107.54 on Friday. The company has a market cap of $12.61 billion, a PE ratio of 42.51, a P/E/G ratio of 2.15 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $109.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The firm’s 50 day moving average price is $99.39 and its 200-day moving average price is $86.86.

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

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Friday, September 6th. 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 is currently 98.02%.

Insider Buying and Selling

In other news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.47% of the stock is owned by company insiders.

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.