C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Position Lessened by Amalgamated Bank

Amalgamated Bank decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 39.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,934 shares of the transportation company's stock after selling 14,668 shares during the quarter. Amalgamated Bank's holdings in C.H. Robinson Worldwide were worth $2,531,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Swedbank AB acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $1,051,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of C.H. Robinson Worldwide by 13.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company's stock valued at $16,301,000 after purchasing an additional 26,156 shares in the last quarter. abrdn plc lifted its stake in shares of C.H. Robinson Worldwide by 2.6% in the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company's stock valued at $55,818,000 after purchasing an additional 12,992 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $6,665,000. Finally, Forsta AP Fonden lifted its stake in shares of C.H. Robinson Worldwide by 113.2% in the 3rd quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company's stock valued at $9,106,000 after purchasing an additional 43,800 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHRW. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 1st. Bank of America raised C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, Evercore ISI boosted their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $106.25.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $0.47 during trading on Monday, reaching $109.03. The stock had a trading volume of 917,638 shares, compared to its average volume of 1,537,265. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.49. The stock has a market cap of $12.89 billion, a PE ratio of 37.73, a P/E/G ratio of 1.25 and a beta of 0.84. The firm's 50 day moving average price is $106.11 and its two-hundred day moving average price is $95.01.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts' consensus estimates 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%. The firm's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.27%. C.H. Robinson Worldwide's payout ratio is currently 85.81%.

C.H. Robinson Worldwide 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.