Allspring Global Investments Holdings LLC Grows Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Allspring Global Investments Holdings LLC boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 355.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,474 shares of the transportation company's stock after buying an additional 135,427 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.15% of C.H. Robinson Worldwide worth $17,830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Venturi Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after acquiring an additional 111 shares during the last quarter. Quarry LP raised its holdings in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after acquiring an additional 171 shares during the last quarter. Missouri Trust & Investment Co acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $41,000. Brooklyn Investment Group raised its holdings in C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after acquiring an additional 316 shares during the last quarter. Finally, Eastern Bank acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $54,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. Bank of America cut their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Barclays raised their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. Susquehanna cut their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating for the company in a report on Thursday, January 30th. Finally, Citigroup cut their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $117.17.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company's stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Trading Down 0.9 %

Shares of NASDAQ:CHRW traded down $0.90 during mid-day trading on Wednesday, reaching $99.02. 1,158,107 shares of the company were exchanged, compared to its average volume of 1,128,481. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 1.15 and a beta of 0.82. The firm's 50-day simple moving average is $103.35 and its 200 day simple moving average is $104.60.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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 $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.50%. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

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.