abrdn plc Raises Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

abrdn plc grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 508,803 shares of the transportation company's stock after acquiring an additional 12,992 shares during the quarter. abrdn plc owned 0.43% of C.H. Robinson Worldwide worth $55,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC increased its position in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock valued at $26,000 after acquiring an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of C.H. Robinson Worldwide by 168.2% during 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 last quarter. Sentry Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $49,000. Eastern Bank purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in C.H. Robinson Worldwide during the third quarter valued at about $55,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company's stock, valued at approximately $6,979,372.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded up $1.64 during mid-day trading on Wednesday, hitting $109.64. 2,246,579 shares of the company traded hands, compared to its average volume of 1,530,354. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10. The stock has a market cap of $12.86 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The stock has a fifty day moving average price of $105.68 and a 200-day moving average price of $92.84.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the firm posted $0.90 EPS. The firm's revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.26%. This is a boost from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 89.53%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. TD Cowen increased their price objective on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Susquehanna upped their price target on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. UBS Group upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and an average price target of $100.29.

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.