Zacks Investment Management Invests $2.96 Million in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Zacks Investment Management acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,818 shares of the transportation company's stock, valued at approximately $2,960,000.

Several other institutional investors have also modified their holdings of CHRW. Venturi Wealth Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Quarry LP boosted its position in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after buying an additional 171 shares during the period. Eastern Bank bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $55,000. Finally, Peoples Bank KS bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $66,000. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company's stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CHRW. Evercore ISI lifted their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. The Goldman Sachs Group lifted their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 13th. Finally, Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $109.13.

C.H. Robinson Worldwide Price Performance

CHRW stock traded up $2.71 during trading on Monday, reaching $108.14. 1,225,562 shares of the company were exchanged, compared to its average volume of 1,504,101. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The stock's 50 day moving average price is $107.82 and its 200 day moving average price is $98.90. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The company has a market cap of $12.78 billion, a P/E ratio of 37.42, a PEG ratio of 1.21 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. C.H. Robinson Worldwide's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.29%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 85.81%.

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.