Pacer Advisors Inc. Acquires 163,473 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pacer Advisors Inc. boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,143,739 shares of the transportation company’s stock after acquiring an additional 163,473 shares during the quarter. Pacer Advisors Inc. owned 0.98% of C.H. Robinson Worldwide worth $107,912,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in C.H. Robinson Worldwide by 4.3% during the 1st quarter. State Street Corp now owns 8,916,720 shares of the transportation company’s stock worth $891,417,000 after acquiring an additional 365,084 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of C.H. Robinson Worldwide by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 2,653,783 shares of the transportation company’s stock worth $263,167,000 after purchasing an additional 22,957 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of C.H. Robinson Worldwide by 249.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,371,863 shares of the transportation company’s stock worth $69,414,000 after purchasing an additional 1,692,962 shares during the period. Wellington Management Group LLP lifted its position in shares of C.H. Robinson Worldwide by 61.9% in the 1st quarter. Wellington Management Group LLP now owns 2,281,369 shares of the transportation company’s stock worth $226,700,000 after purchasing an additional 872,477 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 6,144.2% in the 1st quarter. ProShare Advisors LLC now owns 1,745,868 shares of the transportation company’s stock worth $173,487,000 after purchasing an additional 1,717,908 shares during the period. 95.11% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW traded up $0.12 on Tuesday, reaching $87.94. The company had a trading volume of 222,184 shares, compared to its average volume of 1,212,656. The business has a 50 day simple moving average of $94.28 and a 200 day simple moving average of $95.98. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 4.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. C.H. Robinson Worldwide, Inc. has a 52-week low of $85.22 and a 52-week high of $108.05.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $0.90 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.90. C.H. Robinson Worldwide had a net margin of 2.67% and a return on equity of 39.80%. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same period last year, the firm posted $2.67 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 35.0% on a year-over-year basis. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.75 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, August 31st. C.H. Robinson Worldwide’s payout ratio is currently 56.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CHRW shares. Evercore ISI dropped their price target on shares of C.H. Robinson Worldwide from $91.00 to $89.00 in a research report on Tuesday, June 27th. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $93.00 to $88.00 in a research report on Thursday, June 29th. Benchmark lowered their price objective on shares of C.H. Robinson Worldwide from $108.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, September 13th. Loop Capital lowered their price objective on shares of C.H. Robinson Worldwide from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Finally, Citigroup upped their target price on shares of C.H. Robinson Worldwide from $94.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $95.17.

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 worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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.