Fmr LLC Grows Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

FMR LLC boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2,259.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,557,791 shares of the transportation company's stock after acquiring an additional 2,449,367 shares during the period. FMR LLC owned 2.16% of C.H. Robinson Worldwide worth $282,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. QRG Capital Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.9% during the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock worth $1,230,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after purchasing an additional 111 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company's stock valued at $110,000 after purchasing an additional 120 shares during the last quarter. Quent Capital LLC raised its holdings in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock worth $26,000 after buying an additional 146 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock worth $26,000 after buying an additional 185 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on CHRW shares. The Goldman Sachs Group lifted their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Citigroup lowered shares of C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, November 22nd. TD Cowen increased their price objective on shares of 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. Evercore ISI boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and upped their price target for the stock from $100.00 to $140.00 in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $107.63.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the company's 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Up 1.2 %

CHRW traded up $1.26 during trading on Monday, hitting $106.84. The company's stock had a trading volume of 554,619 shares, compared to its average volume of 1,509,562. The firm has a market capitalization of $12.63 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 twelve month low of $65.00 and a twelve month high of $113.10. The stock's fifty day moving average price is $107.99 and its 200-day moving average price is $97.93. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given 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 2.32%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 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.