TCW Group Inc. Increases Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

TCW Group Inc. increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,565 shares of the transportation company’s stock after purchasing an additional 3,209 shares during the quarter. TCW Group Inc.’s holdings in C.H. Robinson Worldwide were worth $3,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHRW. Venturi Wealth Management LLC lifted its stake in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Quarry LP lifted its stake in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares during the last quarter. Eastern Bank bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at $55,000. Finally, EdgeRock Capital LLC bought a new position in C.H. Robinson Worldwide in the 2nd quarter valued at $62,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHRW. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Citigroup lowered shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Barclays boosted 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. Finally, Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $118.00 to $130.00 in a report on Monday. One 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.13.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $114.06 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.68. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 1.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a 50-day simple moving average of $108.00 and a two-hundred day simple moving average of $99.24.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating 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 company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter 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% compared to the same quarter last year. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is currently owned by corporate insiders.

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.