UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 153,654 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,405,718 shares of the transportation company’s stock after buying an additional 153,654 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.19% of C.H. Robinson Worldwide worth $155,149,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quent Capital LLC increased its position in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in C.H. Robinson Worldwide by 168.2% in 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 in the last quarter. Venturi Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Eastern Bank bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $55,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CHRW shares. Citigroup downgraded shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. BMO Capital Markets raised 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. 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. Finally, Evercore ISI raised their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Trading Up 0.3 %

CHRW opened at $105.58 on Friday. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 36.53, a P/E/G ratio of 1.20 and a beta of 0.84. 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 twelve month low of $65.00 and a twelve month high of $113.10. The company has a 50-day simple moving average of $107.99 and a 200 day simple moving average of $97.73.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.35%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.47% of the stock is owned by insiders.

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.