Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 9,249 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,249 shares of the transportation company’s stock, valued at approximately $1,021,000.

Other hedge funds also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its position in C.H. Robinson Worldwide by 168.2% during the second 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. Quent Capital LLC boosted its holdings in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares in the last quarter. Eastern Bank acquired 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 worth $55,000. Institutional investors own 93.15% of the company’s stock.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Susquehanna lowered their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Barclays raised their price objective on 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. TD Cowen boosted their target price on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $140.00 in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $106.18 on Tuesday. The business has a fifty day moving average price of $107.99 and a two-hundred day moving average price of $97.93. The stock has a market capitalization of $12.55 billion, a PE ratio of 36.74, a P/E/G ratio of 1.21 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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 paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is presently 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.