Zurcher Kantonalbank Zurich Cantonalbank Purchases 84,943 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 154.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,931 shares of the transportation company's stock after acquiring an additional 84,943 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.12% of C.H. Robinson Worldwide worth $15,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 10.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,907 shares of the transportation company's stock valued at $374,000 after purchasing an additional 484 shares in the last quarter. Swedbank AB acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $1,051,000. Cetera Investment Advisers raised its stake in shares of C.H. Robinson Worldwide by 9.6% in the 1st quarter. Cetera Investment Advisers now owns 99,197 shares of the transportation company's stock valued at $7,553,000 after buying an additional 8,656 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $6,665,000. Finally, EverSource Wealth Advisors LLC raised its position in C.H. Robinson Worldwide by 3,672.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,641 shares of the transportation company's stock worth $188,000 after purchasing an additional 2,571 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded up $0.33 during midday trading on Friday, reaching $105.58. The company had a trading volume of 499,040 shares, compared to its average volume of 1,189,452. The stock has a fifty day simple moving average of $107.99 and a 200 day simple moving average of $97.83. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10. 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 company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders 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 dividend on an annualized basis and a yield of 2.35%. C.H. Robinson Worldwide's payout ratio is presently 85.81%.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction on 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 $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CHRW shares. Evercore ISI lifted their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Citigroup cut C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 22nd. TD Cowen increased their price objective on 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. UBS Group upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and boosted their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, BMO Capital Markets increased their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $107.63.

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.