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

Zevin Asset Management LLC acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,053 shares of the transportation company’s stock, valued at approximately $227,000.

A number of other hedge funds have also recently made changes to their positions in CHRW. QRG Capital Management Inc. boosted its holdings in C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in C.H. Robinson Worldwide by 13.6% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after buying an additional 120 shares during the last quarter. Quent Capital LLC lifted its stake in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares in the last quarter. Finally, Redwood Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 0.6% during the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after buying an additional 165 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Down 1.2 %

NASDAQ CHRW opened at $110.19 on Monday. The stock has a 50 day moving average price of $106.75 and a 200-day moving average price of $96.12. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization 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 (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend yield of 2.25%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the company’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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CHRW shares. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Evercore ISI boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Susquehanna lowered their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. BMO Capital Markets boosted their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $127.00 in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Company 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.