Zevin Asset Management LLC Invests $227,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Zevin Asset Management LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,053 shares of the transportation company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Vanguard Group Inc. grew its holdings in shares of C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after buying an additional 177,119 shares during the last quarter. Covestor Ltd boosted its position in C.H. Robinson Worldwide by 33.3% in the first quarter. Covestor Ltd now owns 1,656 shares of the transportation company’s stock valued at $126,000 after buying an additional 414 shares during the last quarter. PAX Financial Group LLC increased its holdings in C.H. Robinson Worldwide by 10.5% in the 1st quarter. PAX Financial Group LLC now owns 6,119 shares of the transportation company’s stock worth $466,000 after buying an additional 581 shares during the period. Ameritas Investment Partners Inc. raised its position in C.H. Robinson Worldwide by 14.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 10,223 shares of the transportation company’s stock worth $778,000 after buying an additional 1,316 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at $546,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $110.19 on Monday. The company has a market cap of $13.03 billion, a P/E ratio of 38.13, a P/E/G ratio of 1.27 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The company’s 50-day moving average price is $106.75 and its 200-day moving average price is $96.12. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping 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 business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the company posted $0.84 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Evercore ISI increased their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price target for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $107.63.

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.