Exchange Traded Concepts LLC Grows Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Exchange Traded Concepts LLC lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,245.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,130 shares of the transportation company’s stock after acquiring an additional 1,046 shares during the quarter. Exchange Traded Concepts LLC’s holdings in C.H. Robinson Worldwide were worth $125,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Gateway Investment Advisers LLC boosted its holdings in C.H. Robinson Worldwide by 10.2% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,961 shares of the transportation company’s stock worth $327,000 after acquiring an additional 275 shares during the period. Code Waechter LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $200,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $55,000. Brendel Financial Advisors LLC increased its stake in C.H. Robinson Worldwide by 1.6% during the 3rd quarter. Brendel Financial Advisors LLC now owns 35,832 shares of the transportation company’s stock worth $3,955,000 after buying an additional 572 shares during the period. Finally, Mountain Pacific Investment Advisers LLC lifted its holdings in C.H. Robinson Worldwide by 27.3% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 7,000 shares of the transportation company’s stock worth $773,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHRW. Robert W. Baird lifted their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Tuesday, July 9th. Citigroup began coverage on C.H. Robinson Worldwide in a research note on Wednesday, October 9th. They set a “neutral” rating and a $115.00 target price for the company. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $99.00 in a research note on Monday, July 22nd. Finally, Susquehanna increased their price objective on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $100.29.

C.H. Robinson Worldwide Stock Down 0.7 %

Shares of C.H. Robinson Worldwide stock opened at $108.09 on Wednesday. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The business’s 50 day simple moving average is $104.42 and its 200-day simple moving average is $91.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.29%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 6th. C.H. Robinson Worldwide’s payout ratio is presently 98.02%.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,894 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.47% of the stock is owned by insiders.

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.