C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Swiss National Bank

Swiss National Bank raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 347,600 shares of the transportation company's stock after purchasing an additional 5,500 shares during the period. Swiss National Bank owned 0.29% of C.H. Robinson Worldwide worth $38,365,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in C.H. Robinson Worldwide by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company's stock worth $1,082,346,000 after purchasing an additional 177,119 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock valued at $222,837,000 after buying an additional 526,872 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of C.H. Robinson Worldwide by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company's stock valued at $115,921,000 after acquiring an additional 34,632 shares during the period. Interval Partners LP purchased a new position in C.H. Robinson Worldwide in the 2nd quarter worth $82,581,000. Finally, Pzena Investment Management LLC lifted its position in C.H. Robinson Worldwide by 0.5% during the 2nd quarter. Pzena Investment Management LLC now owns 877,727 shares of the transportation company's stock worth $77,345,000 after acquiring an additional 4,679 shares during the period. Institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CHRW shares. BMO Capital Markets increased their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Benchmark upped their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, August 1st. UBS Group upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $107.63.

C.H. Robinson Worldwide Trading Up 0.1 %

Shares of CHRW traded up $0.10 during trading on Thursday, reaching $109.13. 129,706 shares of the company traded hands, compared to its average volume of 1,512,618. The stock has a 50-day simple moving average of $107.26 and a 200-day simple moving average of $96.61. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The stock has a market cap of $12.90 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.53 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company 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 dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 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.