7,710 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,710 shares of the transportation company's stock, valued at approximately $851,000.

Several other hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP raised its position in C.H. Robinson Worldwide by 37.2% in the third quarter. Quantinno Capital Management LP now owns 36,913 shares of the transportation company's stock worth $4,074,000 after acquiring an additional 10,006 shares in the last quarter. Quarry LP boosted its holdings in C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after buying an additional 171 shares in the last quarter. Royal London Asset Management Ltd. grew its position in C.H. Robinson Worldwide by 3.4% during the third quarter. Royal London Asset Management Ltd. now owns 51,023 shares of the transportation company's stock worth $5,631,000 after buying an additional 1,693 shares during the period. Investment Management Corp of Ontario increased its holdings in C.H. Robinson Worldwide by 50.2% in the third quarter. Investment Management Corp of Ontario now owns 3,891 shares of the transportation company's stock valued at $429,000 after buying an additional 1,300 shares in the last quarter. Finally, Holocene Advisors LP lifted its position in shares of C.H. Robinson Worldwide by 7.1% during the 3rd quarter. Holocene Advisors LP now owns 391,345 shares of the transportation company's stock valued at $43,193,000 after acquiring an additional 25,897 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on CHRW. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $118.00 to $130.00 in a research report on Monday. The Goldman Sachs Group lifted their price objective 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. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Finally, Citigroup lowered shares of C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $109.13.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the firm'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 completion of the transaction, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Up 1.0 %

C.H. Robinson Worldwide stock traded up $1.07 during midday trading on Tuesday, hitting $109.21. The stock had a trading volume of 1,211,237 shares, compared to its average volume of 1,502,870. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average price of $107.82 and a 200 day moving average price of $98.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $113.10. The stock has a market cap of $12.91 billion, a P/E ratio of 37.42, a P/E/G ratio of 1.21 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $0.84 earnings per share. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.27%. C.H. Robinson Worldwide's dividend payout ratio is presently 85.81%.

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.