Cerity Partners LLC Purchases 6,507 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cerity Partners LLC raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 39.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CHRW. Citigroup Inc. boosted its stake in shares of C.H. Robinson Worldwide by 137.8% in the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock valued at $47,573,000 after purchasing an additional 249,774 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 acquiring an additional 142,116 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in C.H. Robinson Worldwide during the third quarter valued at $201,000. Moran Wealth Management LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at about $233,000. Finally, Segall Bryant & Hamill LLC raised its holdings in C.H. Robinson Worldwide by 30.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 122,324 shares of the transportation company’s stock worth $13,501,000 after acquiring an additional 28,245 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW opened at $105.58 on Monday. The stock has a market cap of $12.48 billion, a P/E ratio of 36.53, a PEG ratio of 1.21 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The business has a fifty day moving average of $107.99 and a 200 day moving average of $97.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHRW. Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” 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 price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Citigroup cut C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Evercore ISI upped their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.63.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction 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 $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.47% of the company’s stock.

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.