Van ECK Associates Corp Has $349,000 Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Van ECK Associates Corp lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 99.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,236 shares of the transportation company's stock after selling 2,585,244 shares during the quarter. Van ECK Associates Corp's holdings in C.H. Robinson Worldwide were worth $349,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in shares of C.H. Robinson Worldwide by 1.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 138,245 shares of the transportation company's stock valued at $15,258,000 after purchasing an additional 2,077 shares during the period. Lowe Brockenbrough & Co. Inc. increased its holdings in C.H. Robinson Worldwide by 5.3% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 13,012 shares of the transportation company's stock valued at $1,444,000 after buying an additional 655 shares during the period. Murphy Pohlad Asset Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $767,000. Hills Bank & Trust Co purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at $101,000. Finally, Tevis Investment Management raised its stake in C.H. Robinson Worldwide by 3.6% during the 3rd quarter. Tevis Investment Management now owns 8,315 shares of the transportation company's stock worth $923,000 after acquiring an additional 287 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Citigroup upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $110.00 to $127.00 in a report on Tuesday. Wells Fargo & Company lifted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an "equal weight" rating in a research note on Thursday, August 1st. TD Cowen increased 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 research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Hold" and a consensus target price of $107.63.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,408 shares of the business's 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 in the company, valued at $7,794,507.41. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $2.59 during trading hours on Wednesday, hitting $111.68. The company's stock had a trading volume of 1,462,909 shares, compared to its average volume of 1,534,294. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 1.26 and a beta of 0.84. The company has a current ratio of 1.49, a quick 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 business has a fifty day moving average of $106.37 and a 200-day moving average of $95.40.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm's revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.22%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 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.