Murphy Pohlad Asset Management LLC Takes $767,000 Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Murphy Pohlad Asset Management LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, Holdings Channel.com reports. The institutional investor bought 6,950 shares of the transportation company’s stock, valued at approximately $767,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after acquiring an additional 177,119 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after acquiring an additional 2,003,158 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of 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 acquiring an additional 526,872 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of C.H. Robinson Worldwide by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company’s stock worth $115,921,000 after acquiring an additional 34,632 shares in the last quarter. Finally, Interval Partners LP purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $82,581,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In other news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CHRW shares. Robert W. Baird increased their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Barclays increased their price objective on C.H. Robinson Worldwide from $75.00 to $85.00 and gave the stock an “underweight” rating in a report on Thursday. The Goldman Sachs Group raised their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday. Susquehanna cut their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their target price for the company from $76.00 to $99.00 in a report on Monday, July 22nd. Two analysts have 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 an average rating of “Hold” and a consensus price target of $103.53.

C.H. Robinson Worldwide Trading Down 1.2 %

Shares of CHRW opened at $101.82 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 1.44 and a beta of 0.82. The stock’s 50-day moving average price is $105.72 and its 200 day moving average price is $93.14.

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 (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 31.35% and a net margin of 1.96%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.21 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were paid a $0.62 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

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.