Moran Wealth Management LLC Purchases Shares of 2,109 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Moran Wealth Management LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,109 shares of the transportation company’s stock, valued at approximately $233,000.

Other hedge funds have also modified their holdings of the company. Segall Bryant & Hamill LLC grew its holdings in C.H. Robinson Worldwide by 30.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 122,324 shares of the transportation company’s stock valued at $13,501,000 after buying an additional 28,245 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 204.3% during the third quarter. Avior Wealth Management LLC now owns 773 shares of the transportation company’s stock valued at $85,000 after acquiring an additional 519 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $987,000. Banque Cantonale Vaudoise acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $1,164,000. Finally, Pathstone Holdings LLC lifted its holdings in C.H. Robinson Worldwide by 54.1% in the 3rd quarter. Pathstone Holdings LLC now owns 23,736 shares of the transportation company’s stock valued at $2,622,000 after purchasing an additional 8,334 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Benchmark lifted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. BMO Capital Markets lifted their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Susquehanna cut their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $107.63.

C.H. Robinson Worldwide Price Performance

CHRW opened at $107.61 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.26 and a beta of 0.84. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $107.60 and a 200 day simple moving average of $96.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 EPS. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.