C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 59.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,293 shares of the transportation company's stock after buying an additional 27,370 shares during the quarter. Franklin Resources Inc. owned about 0.06% of C.H. Robinson Worldwide worth $8,074,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after acquiring an additional 111 shares during the last quarter. Quarry LP increased its holdings in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Eastern Bank acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $55,000. Finally, Peoples Bank KS acquired a new position in C.H. Robinson Worldwide during the third quarter worth $66,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded down $0.33 during midday trading on Monday, hitting $104.01. The company had a trading volume of 864,024 shares, compared to its average volume of 1,497,839. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 1.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The company's 50 day simple moving average is $107.96 and its 200 day simple moving average is $100.33. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared 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 of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.38%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 85.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CHRW shares. Citigroup upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, December 13th. Stifel Nicolaus boosted 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 research note on Monday, December 16th. Barclays increased their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an "underweight" rating in a research note on Wednesday, November 13th. Susquehanna cut their price target 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, UBS Group upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Hold" and an average target price of $112.88.

C.H. Robinson Worldwide Company 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.