Avior Wealth Management LLC Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Avior Wealth Management LLC lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 204.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 773 shares of the transportation company’s stock after purchasing an additional 519 shares during the quarter. Avior Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CHRW. Interval Partners LP purchased a new position in shares of C.H. Robinson Worldwide in the second quarter worth $82,581,000. Point72 Asset Management L.P. bought a new stake in shares of C.H. Robinson Worldwide in the second quarter worth $69,378,000. ProShare Advisors LLC grew its holdings in shares of 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 worth $222,837,000 after acquiring an additional 526,872 shares during the period. Vest Financial LLC grew its holdings in shares of C.H. Robinson Worldwide by 44.1% in the second quarter. Vest Financial LLC now owns 627,804 shares of the transportation company’s stock worth $55,322,000 after acquiring an additional 192,205 shares during the period. Finally, Mather Group LLC. grew its holdings in shares of C.H. Robinson Worldwide by 3,848.1% in the second quarter. Mather Group LLC. now owns 166,924 shares of the transportation company’s stock worth $14,709,000 after acquiring an additional 162,696 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the 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 sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CHRW. Barclays lifted their price objective on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. TD Cowen boosted their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Benchmark boosted their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $127.00 in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Trading Down 0.9 %

Shares of CHRW stock opened at $107.61 on Monday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The stock’s 50 day simple moving average is $107.60 and its two-hundred day simple moving average is $97.13. The company has a market cap of $12.72 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 1.24 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly 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 return on equity of 30.38% and a net margin of 1.96%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.30%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

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.