2,690 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Purchased by MML Investors Services LLC

MML Investors Services LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, HoldingsChannel.com reports. The firm acquired 2,690 shares of the transportation company’s stock, valued at approximately $297,000.

Several other institutional investors have also modified their holdings of the stock. FMR LLC raised its holdings in C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after buying an additional 2,449,367 shares during the period. Interval Partners LP bought a new position in C.H. Robinson Worldwide during the second quarter valued at $82,581,000. Point72 Asset Management L.P. purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $69,378,000. ProShare Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after acquiring an additional 526,872 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of C.H. Robinson Worldwide by 137.8% during the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after purchasing an additional 249,774 shares during the period. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 0.3 %

C.H. Robinson Worldwide stock opened at $104.28 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a market cap of $12.33 billion, a P/E ratio of 36.08, a P/E/G ratio of 1.25 and a beta of 0.83. The business has a fifty day moving average of $107.61 and a two-hundred day moving average of $100.60. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82.

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, topping 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 analysts’ expectations of $4.53 billion. During the same period in the prior year, the business posted $0.84 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.38%. 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 news, 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 completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Robert W. Baird raised their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price objective on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Citigroup upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 13th. Finally, TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $112.88.

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.