Murphy Pohlad Asset Management LLC Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Murphy Pohlad Asset Management LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,950 shares of the transportation company's stock, valued at approximately $767,000.

Several other hedge funds have also bought and sold shares of CHRW. Central Pacific Bank Trust Division increased its holdings in shares of C.H. Robinson Worldwide by 13.6% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company's stock valued at $110,000 after purchasing an additional 120 shares during the last quarter. Empirical Finance LLC lifted its holdings in C.H. Robinson Worldwide by 3.4% during the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company's stock worth $325,000 after purchasing an additional 140 shares during the last quarter. Quent Capital LLC boosted its stake in C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock valued at $26,000 after purchasing an additional 146 shares during the period. Redwood Investment Management LLC grew its holdings in C.H. Robinson Worldwide by 0.6% in the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company's stock valued at $2,143,000 after buying an additional 165 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in 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 worth $26,000 after buying an additional 185 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CHRW shares. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. UBS Group upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and boosted their price target for the company from $100.00 to $140.00 in a research note on Friday, October 4th. BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Citigroup began coverage on C.H. Robinson Worldwide in a research report on Wednesday, October 9th. They issued a "neutral" rating and a $115.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $103.53.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $1.22 during midday trading on Friday, reaching $101.82. 1,570,109 shares of the company were exchanged, compared to its average volume of 1,542,602. The stock's 50-day moving average price is $105.72 and its 200-day moving average price is $93.14. The stock has a market cap of $11.94 billion, a P/E ratio of 35.23, a PEG ratio of 1.44 and a beta of 0.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 31.35% and a net margin of 1.96%. C.H. Robinson Worldwide's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, September 6th. This is a positive change from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 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.