9,570 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,570 shares of the transportation company's stock, valued at approximately $1,056,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth $1,051,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in C.H. Robinson Worldwide by 13.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company's stock valued at $16,301,000 after acquiring an additional 26,156 shares during the last quarter. abrdn plc lifted its stake in C.H. Robinson Worldwide by 2.6% in the third quarter. abrdn plc now owns 508,803 shares of the transportation company's stock valued at $55,818,000 after buying an additional 12,992 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth about $6,665,000. Finally, Forsta AP Fonden increased its holdings in shares of C.H. Robinson Worldwide by 113.2% in the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company's stock valued at $9,106,000 after purchasing an additional 43,800 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.18% of the company's stock.

C.H. Robinson Worldwide Trading Up 1.4 %

CHRW stock traded up $1.49 during trading on Wednesday, hitting $106.42. The company had a trading volume of 2,331,913 shares, compared to its average volume of 1,541,949. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10. The company has a current ratio of 1.49, a quick ratio of 1.42 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average of $105.75 and a 200-day moving average of $93.96. The stock has a market cap of $12.48 billion, a PE ratio of 36.31, a PEG ratio of 1.20 and a beta of 0.84.

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, 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%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.28 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 6th. This is a boost from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.33%. C.H. Robinson Worldwide's payout ratio is 85.81%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price 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 upgraded C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and increased their target price for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Benchmark upped their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Evercore ISI boosted their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $106.25.

About C.H. Robinson Worldwide

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.