Weybosset Research & Management LLC Purchases 1,072 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Weybosset Research & Management LLC grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 69,425 shares of the transportation company’s stock after acquiring an additional 1,072 shares during the period. C.H. Robinson Worldwide comprises approximately 2.6% of Weybosset Research & Management LLC’s portfolio, making the stock its 20th largest position. Weybosset Research & Management LLC’s holdings in C.H. Robinson Worldwide were worth $7,662,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in 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 worth $1,082,346,000 after purchasing an additional 177,119 shares during the period. First Eagle Investment Management LLC raised its position in C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after buying an additional 2,003,158 shares during the last quarter. Van ECK Associates Corp lifted its stake in C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock valued at $202,723,000 after acquiring an additional 2,643,193 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 26.3% during the 2nd 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. Finally, Wellington Management Group LLP lifted its position in shares of C.H. Robinson Worldwide by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after purchasing an additional 68,491 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Insider Activity

In other news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Trading Down 1.3 %

Shares of CHRW opened at $108.40 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $110.51. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 2.15 and a beta of 0.82. The business’s fifty day moving average is $100.93 and its 200-day moving average is $87.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $0.62 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s payout ratio is 98.02%.

Analysts Set New Price Targets

Several brokerages have commented on CHRW. Susquehanna boosted their price target on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $82.00 to $99.00 in a research report on Tuesday, June 25th. Robert W. Baird increased their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average target price of $95.33.

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.