Healthcare of Ontario Pension Plan Trust Fund Takes $1.02 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,249 shares of the transportation company's stock, valued at approximately $1,021,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in C.H. Robinson Worldwide by 3.7% during the 3rd 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 lifted its position in shares of C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after buying an additional 2,449,367 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 26.3% in 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. Bank of New York Mellon Corp increased its position in shares of C.H. Robinson Worldwide by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company's stock valued at $115,921,000 after acquiring an additional 34,632 shares during the last quarter. Finally, Interval Partners LP purchased a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $82,581,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Up 1.3 %

Shares of C.H. Robinson Worldwide stock traded up $1.42 during trading on Tuesday, reaching $107.60. The company's stock had a trading volume of 1,362,862 shares, compared to its average volume of 1,509,216. 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, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The firm's 50-day moving average is $107.98 and its two-hundred day moving average is $98.10. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 1.21 and a beta of 0.83.

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, beating analysts' consensus estimates of $1.12 by $0.16. The company 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%. C.H. Robinson Worldwide's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 EPS. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued 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 yield of 2.30%. C.H. Robinson Worldwide's dividend payout ratio is presently 85.81%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHRW. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Barclays boosted 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. Evercore ISI boosted their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $107.63.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,408 shares of the business's stock in a transaction dated 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 transaction, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.18% of the company's stock.

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.