abrdn plc Sells 20,238 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

abrdn plc lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,565 shares of the transportation company's stock after selling 20,238 shares during the quarter. abrdn plc owned approximately 0.41% of C.H. Robinson Worldwide worth $50,437,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. increased its position in C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after buying an additional 131 shares during the last quarter. Oak Harvest Investment Services purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $310,000. Forsta AP Fonden grew its position in shares of C.H. Robinson Worldwide by 0.5% in the fourth quarter. Forsta AP Fonden now owns 82,900 shares of the transportation company's stock valued at $8,565,000 after purchasing an additional 400 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of C.H. Robinson Worldwide by 500.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 106,780 shares of the transportation company's stock valued at $11,033,000 after purchasing an additional 89,003 shares in the last quarter. Finally, Twelve Points Wealth Management LLC grew its position in shares of C.H. Robinson Worldwide by 3.7% in the fourth quarter. Twelve Points Wealth Management LLC now owns 13,693 shares of the transportation company's stock valued at $1,415,000 after purchasing an additional 490 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.1 %

Shares of NASDAQ CHRW traded down $0.05 during midday trading on Friday, reaching $96.59. The company had a trading volume of 1,087,366 shares, compared to its average volume of 1,187,270. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The firm's fifty day moving average price is $104.67 and its 200-day moving average price is $104.21. The stock has a market cap of $11.42 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's payout ratio is 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael John Short sold 10,408 shares of the company's stock in a transaction that occurred 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 in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CHRW. Stephens reiterated an "equal weight" rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Barclays lifted their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research report on Friday, January 17th. The Goldman Sachs Group boosted their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Citigroup reduced their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $117.17.

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.