Valley National Advisers Inc. Has $2.11 Million Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Valley National Advisers Inc. grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 106,413.3% in the third quarter, HoldingsChannel.com reports. The fund owned 15,977 shares of the transportation company’s stock after acquiring an additional 15,962 shares during the quarter. Valley National Advisers Inc.’s holdings in C.H. Robinson Worldwide were worth $2,114,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide during the second quarter worth about $30,000. WPG Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $32,000. MUFG Securities EMEA plc acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $34,000. FNY Investment Advisers LLC bought a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $38,000. Finally, Cullen Frost Bankers Inc. increased its stake in C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. UBS Group upped their price objective on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. TD Cowen raised their price objective on C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Raymond James Financial lifted their target price on C.H. Robinson Worldwide from $158.00 to $161.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $140.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $149.48.

Insider Buying and Selling

In other news, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.2%

Shares of CHRW stock opened at $164.63 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $167.90. The stock’s fifty day simple moving average is $151.99 and its 200 day simple moving average is $128.28. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $19.45 billion, a P/E ratio of 33.39, a P/E/G ratio of 2.15 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.5%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio is 51.12%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.