104,853 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 104,853 shares of the transportation company's stock, valued at approximately $11,573,000. Los Angeles Capital Management LLC owned 0.09% of C.H. Robinson Worldwide as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CHRW. Vanguard Group Inc. raised its stake in C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company's stock worth $1,082,346,000 after purchasing an additional 177,119 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company's stock valued at $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock valued at $222,837,000 after purchasing an additional 526,872 shares during the last quarter. Bank of New York Mellon Corp increased its stake in C.H. Robinson Worldwide by 2.7% in the 2nd 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 buying an additional 34,632 shares during the period. Finally, Interval Partners LP acquired a new position in C.H. Robinson Worldwide during the second quarter worth $82,581,000. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CHRW shares. Benchmark raised their price objective on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $87.00 to $110.00 in a report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. TD Cowen increased their target price 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. Finally, BMO Capital Markets boosted their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Hold" and an average price target of $107.00.

C.H. Robinson Worldwide Trading Up 0.2 %

C.H. Robinson Worldwide stock traded up $0.27 during mid-day trading on Tuesday, hitting $109.30. 327,230 shares of the company's stock were exchanged, compared to its average volume of 1,531,739. The company's 50 day simple moving average is $106.11 and its 200-day simple moving average is $95.01. The company has a quick ratio of 1.42, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The firm has a market capitalization of $12.92 billion, a P/E ratio of 37.73, a PEG ratio of 1.25 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data 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. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the business earned $0.84 EPS. The firm's revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders 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 currently 85.81%.

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.