JPMorgan Chase & Co. Has $155.83 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

JPMorgan Chase & Co. lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,411,891 shares of the transportation company’s stock after purchasing an additional 36,769 shares during the period. JPMorgan Chase & Co.’s holdings in C.H. Robinson Worldwide were worth $155,830,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in shares of C.H. Robinson Worldwide by 132.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 33,521 shares of the transportation company’s stock worth $2,954,000 after acquiring an additional 19,102 shares in the last quarter. Natixis Advisors LLC boosted its position in C.H. Robinson Worldwide by 8.2% during the second quarter. Natixis Advisors LLC now owns 12,190 shares of the transportation company’s stock worth $1,074,000 after purchasing an additional 919 shares during the period. Versor Investments LP acquired a new position in C.H. Robinson Worldwide during the second quarter valued at approximately $305,000. Pzena Investment Management LLC raised its position in shares of C.H. Robinson Worldwide by 0.5% in the second quarter. Pzena Investment Management LLC now owns 877,727 shares of the transportation company’s stock valued at $77,345,000 after purchasing an additional 4,679 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of C.H. Robinson Worldwide by 142.8% in the second quarter. Larson Financial Group LLC now owns 1,282 shares of the transportation company’s stock worth $113,000 after buying an additional 754 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated 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 completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $103.32 on Wednesday. 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 company has a 50-day moving average of $107.25 and a 200-day moving average of $101.11. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is 85.81%.

Analyst Ratings Changes

Several brokerages recently commented on CHRW. Evercore ISI lifted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Barclays lifted their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group increased their target price 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. Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, BMO Capital Markets upped their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average target price of $112.88.

C.H. Robinson Worldwide Company 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.