7,703 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,703 shares of the transportation company’s stock, valued at approximately $835,000.

Several other hedge funds have also made changes to their positions in CHRW. Accredited Investors Inc. raised its stake in C.H. Robinson Worldwide by 13.2% during the 3rd quarter. Accredited Investors Inc. now owns 91,424 shares of the transportation company’s stock valued at $10,088,000 after acquiring an additional 10,685 shares in the last quarter. Natixis Advisors LLC raised its stake in C.H. Robinson Worldwide by 25.9% during the 3rd quarter. Natixis Advisors LLC now owns 15,343 shares of the transportation company’s stock valued at $1,693,000 after acquiring an additional 3,153 shares in the last quarter. CIBC Asset Management Inc raised its stake in C.H. Robinson Worldwide by 7.0% during the 3rd quarter. CIBC Asset Management Inc now owns 19,177 shares of the transportation company’s stock valued at $2,117,000 after acquiring an additional 1,252 shares in the last quarter. ING Groep NV bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $6,161,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in C.H. Robinson Worldwide by 20.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,742 shares of the transportation company’s stock valued at $413,000 after acquiring an additional 631 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $87.00 to $110.00 in a research note on Thursday, August 1st. Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $99.00 in a research note on Monday, July 22nd. Evercore ISI boosted their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $127.00 in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.63.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 11th. The stock was 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 approximately $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $110.19 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 1.27 and a beta of 0.84. The stock’s fifty day simple moving average is $106.75 and its 200 day simple moving average is $95.95. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. C.H. Robinson Worldwide’s dividend payout ratio is 85.81%.

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.