C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,245.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,130 shares of the transportation company’s stock after buying an additional 1,046 shares during the period. Exchange Traded Concepts LLC’s holdings in C.H. Robinson Worldwide were worth $125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after acquiring an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after buying an additional 2,003,158 shares during the period. Van ECK Associates Corp boosted its stake in shares of C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after buying an additional 2,643,193 shares during the period. ProShare Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after buying an additional 526,872 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 acquiring an additional 34,632 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Benchmark increased their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Evercore ISI boosted their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Tuesday, July 9th. Finally, Barclays lifted their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $100.29.

C.H. Robinson Worldwide Trading Down 0.7 %

NASDAQ CHRW opened at $108.09 on Wednesday. The company has a market cap of $12.66 billion, a P/E ratio of 42.72, a P/E/G ratio of 2.19 and a beta of 0.82. 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 debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The company has a 50-day moving average of $104.42 and a 200-day moving average of $91.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. C.H. Robinson Worldwide’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 earnings per share. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a $0.62 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 98.02%.

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.