OneDigital Investment Advisors LLC Has $1.76 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

OneDigital Investment Advisors LLC trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 15,969 shares of the transportation company’s stock after selling 211 shares during the period. OneDigital Investment Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $1,762,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of C.H. Robinson Worldwide by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after purchasing an additional 177,119 shares in the last quarter. ProShare Advisors LLC boosted its position in C.H. Robinson Worldwide by 26.3% in the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after buying an additional 526,872 shares in the last quarter. Bank of New York Mellon Corp grew its stake in 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 buying an additional 34,632 shares during the last quarter. Interval Partners LP acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth approximately $82,581,000. Finally, Pzena Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 0.5% in the second quarter. Pzena Investment Management LLC now owns 877,727 shares of the transportation company’s stock valued at $77,345,000 after acquiring an additional 4,679 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $110.19 on Monday. The firm’s 50 day simple moving average is $106.75 and its 200 day simple moving average is $96.12. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 1.27 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping 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 company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the business posted $0.84 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders 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 annualized dividend and a yield of 2.25%. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the business’s 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 directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CHRW. Benchmark increased their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $127.00 in a report on Tuesday, November 12th. Barclays lifted their price target 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. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Finally, Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $99.00 in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $107.63.

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.