ProShare Advisors LLC Buys 5,400 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

ProShare Advisors LLC boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 28.1% in the second quarter, HoldingsChannel reports. The firm owned 24,638 shares of the transportation company’s stock after acquiring an additional 5,400 shares during the period. ProShare Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. grew its position in C.H. Robinson Worldwide by 57.7% in the 2nd quarter. American Century Companies Inc. now owns 18,553 shares of the transportation company’s stock worth $1,738,000 after purchasing an additional 6,788 shares during the period. Avalon Investment & Advisory grew its position in shares of C.H. Robinson Worldwide by 3.8% during the 2nd quarter. Avalon Investment & Advisory now owns 495,393 shares of the transportation company’s stock valued at $46,404,000 after acquiring an additional 17,947 shares during the period. California State Teachers Retirement System grew its position in shares of C.H. Robinson Worldwide by 2.8% during the 1st quarter. California State Teachers Retirement System now owns 246,938 shares of the transportation company’s stock valued at $23,565,000 after acquiring an additional 6,638 shares during the period. Exchange Traded Concepts LLC grew its position in shares of C.H. Robinson Worldwide by 12.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 6,097 shares of the transportation company’s stock valued at $571,000 after acquiring an additional 683 shares during the period. Finally, Hartford Investment Management Co. grew its position in shares of C.H. Robinson Worldwide by 6.4% during the 2nd quarter. Hartford Investment Management Co. now owns 21,279 shares of the transportation company’s stock valued at $1,993,000 after acquiring an additional 1,286 shares during the period. 90.56% of the stock is owned by institutional investors and hedge funds.

In other C.H. Robinson Worldwide news, insider Michael John Short sold 2,693 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, August 12th. The shares were sold at an average price of $91.49, for a total transaction of $246,382.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.95% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of C.H. Robinson Worldwide from $95.00 to $90.00 and set an “underweight” rating for the company in a research report on Tuesday, July 13th. Vertical Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Monday. Evercore ISI assumed coverage on shares of C.H. Robinson Worldwide in a research note on Monday, September 13th. They set an “inline” rating and a $95.00 target price on the stock. Citigroup lowered their target price on shares of C.H. Robinson Worldwide from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, July 14th. Finally, Morgan Stanley lifted their target price on shares of C.H. Robinson Worldwide from $58.00 to $60.00 and gave the company an “underweight” rating in a research note on Thursday, July 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.31.

Shares of CHRW stock opened at $91.49 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50-day moving average is $89.40 and its two-hundred day moving average is $93.73. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.67 and a 12 month high of $105.53. The company has a market capitalization of $12.05 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Monday, July 26th. The transportation company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.11. C.H. Robinson Worldwide had a net margin of 3.41% and a return on equity of 34.62%. The company had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 52.5% compared to the same quarter last year. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 5.34 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 1st. Shareholders of record on Friday, September 3rd were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, September 2nd. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 54.84%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.

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

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