Toronto Dominion Bank Acquires 970 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Toronto Dominion Bank grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 57,910 shares of the transportation company’s stock after purchasing an additional 970 shares during the period. Toronto Dominion Bank’s holdings in C.H. Robinson Worldwide were worth $6,392,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in C.H. Robinson Worldwide by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock valued at $436,648,000 after acquiring an additional 142,116 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock valued at $341,555,000 after purchasing an additional 42,189 shares during the last quarter. FMR LLC grew its holdings in shares of 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 purchasing an additional 2,449,367 shares during the last quarter. ProShare Advisors LLC increased its position in C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after purchasing an additional 526,872 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in C.H. Robinson Worldwide by 12.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock valued at $155,149,000 after purchasing an additional 153,654 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on 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 owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $111.38 on Friday. 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 company has a market capitalization of $13.17 billion, a PE ratio of 38.54, a P/E/G ratio of 1.25 and a beta of 0.83. The firm has a fifty day simple moving average of $108.09 and a 200 day simple moving average of $99.50. 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 announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current 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 issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Analyst Ratings Changes

CHRW has been the subject of several research analyst reports. Susquehanna lowered their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday. Citigroup downgraded C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Evercore ISI raised their price objective 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 equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $111.19.

About C.H. Robinson Worldwide

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.