C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Holdings Lifted by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.3% during the first quarter, Holdings Channel.com reports. The firm owned 1,161,200 shares of the transportation company’s stock after buying an additional 162,700 shares during the period. C.H. Robinson Worldwide comprises about 2.7% of Sprucegrove Investment Management Ltd.’s portfolio, making the stock its 13th biggest holding. Sprucegrove Investment Management Ltd.’s holdings in C.H. Robinson Worldwide were worth $110,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC purchased a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $25,000. Arkadios Wealth Advisors grew its holdings in shares of C.H. Robinson Worldwide by 188.7% during the 1st quarter. Arkadios Wealth Advisors now owns 306 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of C.H. Robinson Worldwide by 264.0% in the fourth quarter. Tompkins Financial Corp now owns 455 shares of the transportation company’s stock worth $30,000 after acquiring an additional 330 shares during the last quarter. Paradigm Strategies in Wealth Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $33,000. Finally, Vantage Consulting Group Inc acquired a new stake in C.H. Robinson Worldwide during the fourth quarter valued at $40,000. 90.30% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide stock traded up $0.44 on Friday, hitting $99.61. The company’s stock had a trading volume of 4,852 shares, compared to its average volume of 1,103,442. C.H. Robinson Worldwide, Inc. has a one year low of $75.58 and a one year high of $106.75. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.23 and a beta of 0.70. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $98.01.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, April 27th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.30. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.37 billion. C.H. Robinson Worldwide had a net margin of 3.50% and a return on equity of 32.85%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Friday, June 4th will be issued a $0.51 dividend. The ex-dividend date is Thursday, June 3rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.05%. C.H. Robinson Worldwide’s payout ratio is presently 54.84%.

Several equities research analysts have recently issued reports on CHRW shares. Susquehanna Bancshares lifted their price target on C.H. Robinson Worldwide from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 12th. Wells Fargo & Company boosted their target price on shares of C.H. Robinson Worldwide from $93.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 28th. The Goldman Sachs Group upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Monday. Morgan Stanley increased their target price on shares of C.H. Robinson Worldwide from $55.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 28th. Finally, Credit Suisse Group boosted their price target on C.H. Robinson Worldwide from $90.00 to $93.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $97.89.

In other C.H. Robinson Worldwide news, CTO Michael W. Neill sold 2,243 shares of the stock in a transaction on Wednesday, May 5th. The stock was sold at an average price of $99.39, for a total transaction of $222,931.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael John Short sold 17,504 shares of C.H. Robinson Worldwide stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $99.29, for a total value of $1,737,972.16. Following the transaction, the insider now directly owns 32,080 shares of the company’s stock, valued at $3,185,223.20. The disclosure for this sale can be found here. Insiders have sold a total of 23,449 shares of company stock valued at $2,326,439 in the last 90 days. 0.95% of the stock is owned by corporate insiders.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through two segments, North American Surface Transportation and Global Forwarding. 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 that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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