C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Accredited Investors Inc.

Accredited Investors Inc. raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 13.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,424 shares of the transportation company's stock after acquiring an additional 10,685 shares during the quarter. C.H. Robinson Worldwide makes up 0.6% of Accredited Investors Inc.'s portfolio, making the stock its 29th biggest holding. Accredited Investors Inc. owned approximately 0.08% of C.H. Robinson Worldwide worth $10,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in C.H. Robinson Worldwide by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company's stock valued at $1,082,346,000 after purchasing an additional 177,119 shares during the last quarter. ProShare Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 26.3% in the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock valued at $222,837,000 after buying an additional 526,872 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of C.H. Robinson Worldwide by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company's stock valued at $115,921,000 after buying an additional 34,632 shares during the period. Interval Partners LP acquired a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $82,581,000. Finally, Pzena Investment Management LLC grew its stake in C.H. Robinson Worldwide by 0.5% in the 2nd quarter. Pzena Investment Management LLC now owns 877,727 shares of the transportation company's stock worth $77,345,000 after acquiring an additional 4,679 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CHRW shares. Bank of America upgraded C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Wells Fargo & Company lifted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, August 1st. Benchmark increased their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Finally, Robert W. Baird lifted their price target on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a "neutral" rating in a 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $107.63.

C.H. Robinson Worldwide Stock Down 1.2 %

C.H. Robinson Worldwide stock traded down $1.29 during midday trading on Friday, hitting $110.19. 992,095 shares of the company were exchanged, compared to its average volume of 1,415,563. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The company's fifty day moving average price is $106.75 and its 200-day moving average price is $95.95. The company has a market cap of $13.03 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.53 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.37 EPS 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. Stockholders of record on Friday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide's payout ratio is 85.81%.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.47% of the company's stock.

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.