Bank of Montreal Can Sells 9,863 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Bank of Montreal Can cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,201 shares of the transportation company’s stock after selling 9,863 shares during the period. Bank of Montreal Can owned approximately 0.21% of C.H. Robinson Worldwide worth $27,107,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CHRW. Interval Partners LP bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth about $82,581,000. Point72 Asset Management L.P. acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $69,378,000. ProShare Advisors LLC boosted its position in 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 purchasing an additional 526,872 shares during the period. Citigroup Inc. grew its holdings in C.H. Robinson Worldwide by 137.8% during the third 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 during the last quarter. Finally, Vest Financial LLC raised its position in shares of C.H. Robinson Worldwide by 44.1% in the second quarter. Vest Financial LLC now owns 627,804 shares of the transportation company’s stock valued at $55,322,000 after purchasing an additional 192,205 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $105.58 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The company has a 50-day moving average of $107.96 and a 200-day moving average of $97.59. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $113.10. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 1.20 and a beta of 0.84.

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

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CHRW. The Goldman Sachs Group upped their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. TD Cowen boosted their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Barclays raised their target price 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. Finally, Susquehanna cut their price target on 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. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $107.63.

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.