ING Groep NV Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

ING Groep NV acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 55,820 shares of the transportation company's stock, valued at approximately $6,161,000.

Several other large investors have also modified their holdings of CHRW. Quent Capital LLC boosted 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 during the period. Massmutual Trust Co. FSB ADV boosted its holdings in C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock valued at $26,000 after purchasing an additional 185 shares during the period. Venturi Wealth Management LLC boosted its holdings in 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 during the period. Eastern Bank bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $55,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CHRW shares. The Goldman Sachs Group increased their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Bank of America raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and upped their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Barclays upped their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research report on Wednesday. Finally, Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and a consensus price target of $107.63.

C.H. Robinson Worldwide Trading Down 1.2 %

CHRW traded down $1.29 during mid-day trading on Friday, hitting $110.19. The stock had a trading volume of 992,095 shares, compared to its average volume of 1,530,062. The stock's fifty day simple moving average is $106.75 and its 200-day simple moving average is $95.78. The firm has a market capitalization of $13.03 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

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 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 business had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.53 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 85.81%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the company's stock in a transaction on 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 directly owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is owned by corporate insiders.

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.