Bank of Montreal Can Decreases Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Bank of Montreal Can decreased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,201 shares of the transportation company's stock after selling 9,863 shares during the period. Bank of Montreal Can owned about 0.21% of C.H. Robinson Worldwide worth $27,107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Swedbank AB purchased a new stake in C.H. Robinson Worldwide during the first quarter valued at about $1,051,000. Chesapeake Capital Corp IL purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $835,000. abrdn plc lifted its position in C.H. Robinson Worldwide by 2.6% in the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company's stock worth $55,818,000 after buying an additional 12,992 shares during the last quarter. Cetera Advisors LLC purchased a new stake in C.H. Robinson Worldwide in the first quarter worth approximately $6,665,000. Finally, Forsta AP Fonden grew its position in C.H. Robinson Worldwide by 113.2% during the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company's stock valued at $9,106,000 after acquiring an additional 43,800 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CHRW shares. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price objective 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. Evercore ISI lifted their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. TD Cowen increased their target price on 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, UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $107.63.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the business's stock in a transaction on 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 sale, the insider now directly owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 0.3 %

Shares of NASDAQ:CHRW traded up $0.33 during trading on Friday, hitting $105.58. The stock had a trading volume of 499,040 shares, compared to its average volume of 1,514,063. The company has a market capitalization of $12.48 billion, a PE ratio of 36.53, a PEG ratio of 1.20 and a beta of 0.84. 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 firm's fifty day moving average is $107.99 and its 200 day moving average is $97.73. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) 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.