C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stake Boosted by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 39.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,854 shares of the transportation company's stock after buying an additional 6,507 shares during the quarter. Cerity Partners LLC's holdings in C.H. Robinson Worldwide were worth $2,522,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of C.H. Robinson Worldwide by 10.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,907 shares of the transportation company's stock valued at $374,000 after buying an additional 484 shares during the period. Swedbank AB purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $1,051,000. Cetera Investment Advisers lifted its position in shares of C.H. Robinson Worldwide by 9.6% during the first quarter. Cetera Investment Advisers now owns 99,197 shares of the transportation company's stock worth $7,553,000 after purchasing an additional 8,656 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 3,672.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,641 shares of the transportation company's stock valued at $188,000 after purchasing an additional 2,571 shares during the period. Finally, GAMMA Investing LLC grew its holdings in C.H. Robinson Worldwide by 96.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,722 shares of the transportation company's stock valued at $328,000 after purchasing an additional 1,828 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were 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 approximately $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore ISI boosted their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Barclays boosted their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 13th. UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their price target for the company from $100.00 to $140.00 in a report on Friday, October 4th. Citigroup downgraded C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, November 22nd. Finally, 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 research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $0.60 during midday trading on Monday, reaching $106.18. 1,200,084 shares of the company were exchanged, compared to its average volume of 1,512,709. The company's 50 day moving average price is $107.99 and its two-hundred day moving average price is $97.93. The company has a market cap of $12.55 billion, a P/E ratio of 36.53, a PEG ratio of 1.21 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $113.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share 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 firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.34%. 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 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.