C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,411,891 shares of the transportation company's stock after buying an additional 36,769 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.19% of C.H. Robinson Worldwide worth $155,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. D.A. Davidson & CO. lifted its stake in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company's stock valued at $741,000 after buying an additional 443 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at $835,000. Franklin Resources Inc. boosted its stake in shares of C.H. Robinson Worldwide by 59.6% during the third quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company's stock valued at $8,074,000 after acquiring an additional 27,370 shares during the last quarter. abrdn plc increased its position in C.H. Robinson Worldwide by 2.6% during the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company's stock worth $55,818,000 after purchasing an additional 12,992 shares in the last quarter. Finally, Forsta AP Fonden raised its stake in 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 during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at C.H. Robinson Worldwide

In other 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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Down 0.2 %

C.H. Robinson Worldwide stock traded down $0.16 during trading on Wednesday, reaching $103.32. 573,255 shares of the company's stock were exchanged, compared to its average volume of 1,479,113. The company's 50-day moving average is $107.16 and its two-hundred day moving average is $101.25. 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, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend yield of 2.40%. C.H. Robinson Worldwide's dividend payout ratio is currently 85.81%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a "hold" rating in a report on Monday, December 16th. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a research note on Friday, December 13th. UBS Group upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and boosted their price target for the company from $100.00 to $140.00 in a report on Friday, October 4th. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Finally, The Goldman Sachs Group upped their target price 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. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $112.88.

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.