Banque Cantonale Vaudoise Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Banque Cantonale Vaudoise bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,549 shares of the transportation company's stock, valued at approximately $1,164,000.

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

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company increased their target price 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. BMO Capital Markets increased their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Citigroup upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and boosted their target price for the company from $110.00 to $127.00 in a report on Tuesday, November 12th. Benchmark increased their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, Evercore ISI lifted their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $109.03 on Thursday. The firm has a fifty day moving average of $107.26 and a two-hundred day moving average of $96.61. The firm has a market cap of $12.89 billion, a P/E ratio of 37.73, a P/E/G ratio of 1.26 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10. 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 (NASDAQ:CHRW - Get Free Report) last posted its quarterly 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 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 period last year, the firm earned $0.84 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend 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 dividend payout ratio 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.