C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by National Bank of Canada FI

National Bank of Canada FI increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 81.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 59,910 shares of the transportation company's stock after acquiring an additional 26,964 shares during the period. National Bank of Canada FI owned approximately 0.05% of C.H. Robinson Worldwide worth $6,612,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of C.H. Robinson Worldwide by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company's stock worth $436,648,000 after purchasing an additional 142,116 shares in the last quarter. FMR LLC boosted its position in C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock valued at $282,303,000 after buying an additional 2,449,367 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 26.3% during the second 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of C.H. Robinson Worldwide by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company's stock worth $155,149,000 after acquiring an additional 153,654 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of C.H. Robinson Worldwide by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company's stock worth $115,921,000 after acquiring an additional 34,632 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded up $4.93 during midday trading on Thursday, hitting $114.06. 2,382,851 shares of the stock traded hands, compared to its average volume of 1,503,828. The business's 50 day moving average price is $107.82 and its two-hundred day moving average price is $99.13. The firm has a market capitalization of $13.48 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 1.21 and a beta of 0.83. 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 1-year low of $65.00 and a 1-year high of $114.68.

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. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business posted $0.84 EPS. C.H. Robinson Worldwide's revenue was up 7.0% on a year-over-year basis. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 85.81%.

Analysts Set New Price Targets

CHRW has been the topic of several analyst reports. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $118.00 to $130.00 in a report on Monday. Evercore ISI upped 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. Barclays raised their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a report on Wednesday, November 13th. Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $109.13.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.47% of the stock is owned by company insiders.

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.