7,703 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,703 shares of the transportation company's stock, valued at approximately $835,000.

Other large investors have also recently bought and sold shares of the company. Interval Partners LP purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $82,581,000. Point72 Asset Management L.P. purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $69,378,000. ProShare Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock worth $222,837,000 after purchasing an additional 526,872 shares during the period. Vest Financial LLC lifted its stake in shares of C.H. Robinson Worldwide by 44.1% during the 2nd quarter. Vest Financial LLC now owns 627,804 shares of the transportation company's stock worth $55,322,000 after purchasing an additional 192,205 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company's stock worth $1,082,346,000 after purchasing an additional 177,119 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Barclays increased their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and a consensus target price of $107.63.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Down 1.2 %

Shares of C.H. Robinson Worldwide stock traded down $1.29 during trading hours on Friday, hitting $110.19. 992,095 shares of the company's stock traded hands, compared to its average volume of 1,415,563. The stock has a 50 day simple moving average of $106.75 and a 200-day simple moving average of $96.12. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The company has a market cap of $13.03 billion, a PE ratio of 38.13, a PEG ratio of 1.27 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results 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 company 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%. The company's revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. C.H. Robinson Worldwide's dividend payout ratio is presently 85.81%.

C.H. Robinson Worldwide Company Profile

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.