3,422 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by Allstate Corp

Allstate Corp bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,422 shares of the transportation company's stock, valued at approximately $354,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHRW. National Pension Service bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth $25,000. Proficio Capital Partners LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $33,000. Missouri Trust & Investment Co bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth about $41,000. Mainstream Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth about $41,000. Finally, Quarry LP increased its position in shares of C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research reports. Wells Fargo & Company cut their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Benchmark reaffirmed a "buy" rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Robert W. Baird lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a research report on Friday, December 13th. Finally, Truist Financial started coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.89.

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C.H. Robinson Worldwide Trading Down 1.9 %

NASDAQ:CHRW traded down $1.77 during trading hours on Monday, hitting $89.17. The company had a trading volume of 2,133,628 shares, compared to its average volume of 1,403,130. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The stock has a 50-day moving average price of $99.47 and a 200 day moving average price of $104.26. The company has a market capitalization of $10.54 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced 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 net margin of 2.63% and a return on equity of 34.53%. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.78%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.