Quantinno Capital Management LP Increases Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Quantinno Capital Management LP boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 37.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,913 shares of the transportation company's stock after buying an additional 10,006 shares during the period. Quantinno Capital Management LP's holdings in C.H. Robinson Worldwide were worth $4,074,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Quarry LP grew its position in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after purchasing an additional 171 shares in the last quarter. Eastern Bank bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $55,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $62,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 2.6 %

NASDAQ:CHRW traded up $2.71 during trading hours on Monday, reaching $108.14. 1,225,422 shares of the company traded hands, compared to its average volume of 1,052,066. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The business's 50-day moving average price is $107.87 and its two-hundred day moving average price is $98.74. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The stock has a market capitalization of $12.78 billion, a P/E ratio of 36.48, a P/E/G ratio of 1.21 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. C.H. Robinson Worldwide's quarterly revenue was up 7.0% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide's payout ratio is 85.81%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CHRW shares. TD Cowen increased their target price on 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. Susquehanna cut their price objective 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. Barclays raised their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an "underweight" rating in a report on Wednesday, November 13th. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $109.13.

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 completion of the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is owned by insiders.

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.