C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,411,891 shares of the transportation company’s stock after acquiring an additional 36,769 shares during the quarter. JPMorgan Chase & Co. owned 1.19% of C.H. Robinson Worldwide worth $155,830,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CHRW. Venturi Wealth Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Quarry LP increased its stake in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after buying an additional 171 shares during the period. Eastern Bank bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $55,000. Finally, Peoples Bank KS bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $66,000. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CHRW shares. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. Barclays upped their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. TD Cowen lifted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Susquehanna cut their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Robert W. Baird raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $112.88.

C.H. Robinson Worldwide Price Performance

CHRW opened at $103.32 on Wednesday. The firm has a market capitalization of $12.21 billion, a P/E ratio of 35.75, a PEG ratio of 1.25 and a beta of 0.83. The stock has a fifty day moving average of $107.25 and a 200-day moving average of $101.11. 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, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

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 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 completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.47% of the company’s stock.

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.