CoreCap Advisors LLC Purchases Shares of 5,405 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

CoreCap Advisors LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,405 shares of the transportation company's stock, valued at approximately $476,000.

Several other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of 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 valued at $202,723,000 after buying an additional 2,643,193 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company's stock worth $874,548,000 after acquiring an additional 2,003,158 shares in the last quarter. Pzena Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth $66,474,000. Norges Bank purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $52,341,000. Finally, Pinebridge Investments L.P. raised its stake in shares of C.H. Robinson Worldwide by 105.5% during the 4th quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company's stock valued at $51,286,000 after purchasing an additional 304,709 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. StockNews.com raised C.H. Robinson Worldwide from a "sell" rating to a "hold" rating in a report on Friday, June 7th. Bank of America raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and upped their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. UBS Group raised their price target on shares of C.H. Robinson Worldwide from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $87.00 to $110.00 in a research report on Thursday, August 1st. Finally, Benchmark lifted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $93.67.

Insiders Place Their Bets

In other 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 transaction, 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 can be accessed through the SEC website. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Up 0.6 %

Shares of CHRW traded up $0.61 during mid-day trading on Friday, reaching $100.07. The company's stock had a trading volume of 744,184 shares, compared to its average volume of 1,566,369. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $105.41. The company's fifty day moving average price is $96.22 and its two-hundred day moving average price is $84.94. The stock has a market cap of $11.72 billion, a PE ratio of 39.55, a P/E/G ratio of 2.02 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company's revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. On average, analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.48%. This is a positive change from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, September 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 98.02%.

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.