UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 153,654 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 12.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,405,718 shares of the transportation company's stock after purchasing an additional 153,654 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.19% of C.H. Robinson Worldwide worth $155,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHRW. FMR LLC grew its position in C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after purchasing an additional 2,449,367 shares during the last quarter. Interval Partners LP acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $82,581,000. Point72 Asset Management L.P. bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $69,378,000. ProShare Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock worth $222,837,000 after purchasing an additional 526,872 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of C.H. Robinson Worldwide by 137.8% in the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock valued at $47,573,000 after acquiring an additional 249,774 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 0.3 %

NASDAQ:CHRW traded up $0.33 during mid-day trading on Friday, hitting $105.58. The company had a trading volume of 499,040 shares, compared to its average volume of 1,189,452. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The business's fifty day moving average is $107.99 and its two-hundred day moving average is $97.83. 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 cap of $12.48 billion, a P/E ratio of 36.53, a P/E/G ratio of 1.21 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced 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 company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.35%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 85.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CHRW shares. The Goldman Sachs Group increased their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Citigroup lowered shares of C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, November 22nd. Evercore ISI boosted their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Barclays upped their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an "underweight" rating in a research note on Wednesday, November 13th. Finally, BMO Capital Markets upped their price target 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. One 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, C.H. Robinson Worldwide currently has an average rating of "Hold" and an average target price of $107.63.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Company 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.