Pathstone Holdings LLC Has $2.62 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pathstone Holdings LLC grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 54.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,736 shares of the transportation company's stock after purchasing an additional 8,334 shares during the quarter. Pathstone Holdings LLC's holdings in C.H. Robinson Worldwide were worth $2,622,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Quent Capital LLC grew its stake in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock valued at $26,000 after acquiring an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock worth $26,000 after acquiring an additional 185 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after acquiring an additional 111 shares in the last quarter. Eastern Bank purchased a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $55,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.18% of the company's stock.

Wall Street Analyst Weigh In

CHRW has been the subject of several analyst reports. BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. Citigroup downgraded shares of C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday. Benchmark boosted their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Finally, Susquehanna decreased their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded down $1.18 during trading on Tuesday, reaching $106.36. The company had a trading volume of 1,513,749 shares, compared to its average volume of 1,516,603. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $12.57 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. The firm's fifty day moving average is $107.74 and its 200 day moving average is $97.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping 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 quarter in the previous year, the business earned $0.84 EPS. The company's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.33%. C.H. Robinson Worldwide's payout ratio is currently 85.81%.

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.