2,109 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel.com reports. The fund bought 2,109 shares of the transportation company’s stock, valued at approximately $233,000.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in C.H. Robinson Worldwide by 418.5% during the 1st quarter. Bessemer Group Inc. now owns 15,260 shares of the transportation company’s stock worth $1,162,000 after buying an additional 12,317 shares during the last quarter. Pitcairn Co. acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $207,000. Kinloch Capital LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth about $919,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of C.H. Robinson Worldwide by 10.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,907 shares of the transportation company’s stock worth $374,000 after acquiring an additional 484 shares during the period. Finally, California State Teachers Retirement System boosted its stake in C.H. Robinson Worldwide by 6.1% during the 1st quarter. California State Teachers Retirement System now owns 221,179 shares of the transportation company’s stock valued at $16,841,000 after purchasing an additional 12,660 shares during the period. 93.15% of the stock is owned by institutional investors.

Insider Transactions at C.H. Robinson Worldwide

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

C.H. Robinson Worldwide Trading Down 0.9 %

NASDAQ:CHRW opened at $107.61 on Friday. The stock’s 50-day moving average is $107.60 and its two-hundred day moving average is $96.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $12.72 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the business earned $0.84 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a 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%.

Analysts Set New Price Targets

Several equities research analysts have commented on CHRW shares. The Goldman Sachs Group raised their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Robert W. Baird increased their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Finally, Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the company from $110.00 to $127.00 in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.63.

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.