C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 81.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,910 shares of the transportation company’s stock after acquiring an additional 26,964 shares during the quarter. National Bank of Canada FI owned about 0.05% of C.H. Robinson Worldwide worth $6,612,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after acquiring an additional 443 shares during the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $835,000. abrdn plc boosted its stake in shares of C.H. Robinson Worldwide by 2.6% during the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after acquiring an additional 12,992 shares in the last quarter. Forsta AP Fonden lifted its holdings in shares of C.H. Robinson Worldwide by 113.2% during the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock valued at $9,106,000 after purchasing an additional 43,800 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 62.3% in the 3rd quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock valued at $3,549,000 after purchasing an additional 12,348 shares during the period. Institutional investors own 93.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on 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 owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction 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 Price Performance

NASDAQ CHRW opened at $109.13 on Thursday. The stock has a market capitalization of $12.90 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 1.21 and a beta of 0.83. The company has a 50 day moving average price of $107.82 and a two-hundred day moving average price of $99.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data 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 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 period in the prior year, the company posted $0.84 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.27%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 85.81%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHRW. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Evercore ISI boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Barclays raised their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group upped their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $109.13.

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.