Crossmark Global Holdings Inc. Raises Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Crossmark Global Holdings Inc. increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 92,809 shares of the transportation company’s stock after purchasing an additional 5,772 shares during the period. Crossmark Global Holdings Inc.’s holdings in C.H. Robinson Worldwide were worth $9,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHRW. Charles Schwab Investment Management Inc. boosted its stake in C.H. Robinson Worldwide by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after buying an additional 142,116 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of C.H. Robinson Worldwide by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock worth $341,555,000 after acquiring an additional 42,189 shares during the last quarter. FMR LLC grew its holdings in C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after purchasing an additional 2,449,367 shares during the period. JPMorgan Chase & Co. increased its position in C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in C.H. Robinson Worldwide by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after purchasing an additional 153,654 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.7 %

Shares of C.H. Robinson Worldwide stock opened at $105.39 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The company has a market capitalization of $12.46 billion, a PE ratio of 36.47, a P/E/G ratio of 0.86 and a beta of 0.83. 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 business has a 50-day moving average of $106.14 and a 200-day moving average of $102.96.

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 for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm earned $0.84 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.39 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a $0.62 dividend. The ex-dividend date was Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.35%. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Citigroup raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 13th. Finally, Susquehanna raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and lifted their price target for the company from $115.00 to $130.00 in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.65.

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.