Oppenheimer Asset Management Inc. boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 46.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,675 shares of the transportation company’s stock after purchasing an additional 6,237 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $1,496,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nicolet Bankshares Inc. purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at $202,000. Integrated Investment Consultants LLC raised its stake in C.H. Robinson Worldwide by 39.0% during the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock valued at $204,000 after purchasing an additional 750 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in C.H. Robinson Worldwide during the third quarter valued at $205,000. MML Investors Services LLC raised its stake in C.H. Robinson Worldwide by 10.2% during the second quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock valued at $208,000 after purchasing an additional 280 shares in the last quarter. Finally, Sawtooth Solutions LLC raised its stake in C.H. Robinson Worldwide by 2.5% during the second quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock valued at $208,000 after purchasing an additional 73 shares in the last quarter. 94.68% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide, Inc. (CHRW) opened at $88.00 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.55. The company has a market cap of $12,347.12, a PE ratio of 26.38, a PEG ratio of 3.03 and a beta of 0.48. C.H. Robinson Worldwide, Inc. has a 1-year low of $63.41 and a 1-year high of $89.11.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.03. The firm had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be issued a $0.46 dividend. The ex-dividend date is Friday, December 15th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.09%. C.H. Robinson Worldwide’s dividend payout ratio is presently 53.73%.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Goldman Sachs Group assumed coverage on shares of C.H. Robinson Worldwide in a research report on Monday, November 13th. They set a “neutral” rating and a $78.00 price objective on the stock. Credit Suisse Group boosted their price objective on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, November 2nd. Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $77.35.

In other news, VP Ben G. Campbell sold 4,865 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $85.00, for a total value of $413,525.00. Following the transaction, the vice president now directly owns 29,837 shares in the company, valued at $2,536,145. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Angela K. Freeman sold 1,300 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total transaction of $104,832.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,903 shares of company stock worth $1,854,925. Company insiders own 0.85% of the company’s stock.

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C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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