Glenmede Trust Co. NA Grows Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Glenmede Trust Co. NA boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,760 shares of the transportation company’s stock after purchasing an additional 774 shares during the quarter. Glenmede Trust Co. NA’s holdings in C.H. Robinson Worldwide were worth $856,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Chesapeake Capital Corp IL purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $835,000. abrdn plc lifted its holdings in C.H. Robinson Worldwide by 2.6% during the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after buying an additional 12,992 shares during the last quarter. Forsta AP Fonden lifted its stake in C.H. Robinson Worldwide by 113.2% during the third quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock worth $9,106,000 after purchasing an additional 43,800 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 62.3% in the 3rd quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock valued at $3,549,000 after buying an additional 12,348 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in 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 valued at $222,837,000 after acquiring an additional 526,872 shares in the last quarter. Institutional investors and hedge funds 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 dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.6 %

C.H. Robinson Worldwide stock opened at $106.18 on Tuesday. The stock has a market cap of $12.55 billion, a PE ratio of 36.74, a P/E/G ratio of 1.21 and a beta of 0.84. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $107.99 and a 200 day moving average price of $97.93. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $113.10.

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 for the quarter, beating analysts’ consensus estimates 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 net margin of 1.96% and a return on equity of 30.38%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared 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 dividend yield of 2.34%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHRW. TD Cowen increased their price objective 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. The Goldman Sachs Group lifted their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays upped their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. BMO Capital Markets raised their price objective on shares of 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, Evercore ISI increased 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 report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.