CIBC Asset Management Inc Has $2.12 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

CIBC Asset Management Inc lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,177 shares of the transportation company’s stock after purchasing an additional 1,252 shares during the period. CIBC Asset Management Inc’s holdings in C.H. Robinson Worldwide were worth $2,117,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Quent Capital LLC increased its position in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 buying an additional 111 shares during the period. Eastern Bank bought a new position in C.H. Robinson Worldwide during the third quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $55,000. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHRW shares. Benchmark lifted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird raised their price objective on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of 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. 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 note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Trading Down 0.8 %

Shares of C.H. Robinson Worldwide stock opened at $109.08 on Wednesday. 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 stock has a fifty day simple moving average of $107.08 and a 200 day simple moving average of $96.52. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10. The company has a market capitalization of $12.89 billion, a P/E ratio of 37.74, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. C.H. Robinson Worldwide’s payout ratio is presently 85.81%.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is currently owned by corporate 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.