Robeco Institutional Asset Management B.V. Purchases 89,003 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Robeco Institutional Asset Management B.V. increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 500.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,780 shares of the transportation company’s stock after purchasing an additional 89,003 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.09% of C.H. Robinson Worldwide worth $11,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CHRW. The Manufacturers Life Insurance Company increased its stake in shares of C.H. Robinson Worldwide by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 99,801 shares of the transportation company’s stock valued at $8,794,000 after buying an additional 1,328 shares during the period. Creative Planning boosted its holdings in C.H. Robinson Worldwide by 23.0% in the second quarter. Creative Planning now owns 34,785 shares of the transportation company’s stock valued at $3,065,000 after acquiring an additional 6,510 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in C.H. Robinson Worldwide by 5.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,468 shares of the transportation company’s stock valued at $834,000 after purchasing an additional 502 shares during the period. Truist Financial Corp increased its position in C.H. Robinson Worldwide by 2.8% during the 2nd quarter. Truist Financial Corp now owns 104,122 shares of the transportation company’s stock valued at $9,175,000 after purchasing an additional 2,821 shares during the period. Finally, Cetera Investment Advisers raised its holdings in C.H. Robinson Worldwide by 8.5% in the 2nd quarter. Cetera Investment Advisers now owns 107,603 shares of the transportation company’s stock worth $9,482,000 after purchasing an additional 8,406 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $99.49 on Friday. The company has a 50 day moving average of $105.52 and a 200 day moving average of $103.92. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The firm has a market cap of $11.76 billion, a P/E ratio of 25.84, a PEG ratio of 0.89 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.64% and a net margin of 2.63%. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is presently 64.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CHRW shares. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen upped their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Stephens reissued an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday. Robert W. Baird lifted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group increased their price objective on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.33.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

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.