Cerity Partners LLC Grows Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cerity Partners LLC increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 39.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,854 shares of the transportation company’s stock after buying an additional 6,507 shares during the quarter. Cerity Partners LLC’s holdings in C.H. Robinson Worldwide were worth $2,522,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of C.H. Robinson Worldwide by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after purchasing an additional 142,116 shares in the last quarter. ProShare Advisors LLC grew its position in C.H. Robinson Worldwide by 26.3% in the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after acquiring an additional 526,872 shares during the period. Bank of New York Mellon Corp raised its holdings in 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 buying an additional 34,632 shares during the period. Interval Partners LP purchased a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $82,581,000. Finally, Pzena Investment Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 0.5% in the 2nd quarter. Pzena Investment Management LLC now owns 877,727 shares of the transportation company’s stock valued at $77,345,000 after buying an additional 4,679 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CHRW. The Goldman Sachs Group increased their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Barclays increased their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Citigroup cut shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. BMO Capital Markets increased their price objective on 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. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. One research 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’s stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $105.58 on Monday. 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 stock has a market cap of $12.48 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10. The business’s fifty day moving average price is $107.99 and its two-hundred day moving average price is $97.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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 $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is currently 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.