C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 93.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,201 shares of the transportation company's stock after buying an additional 30,043 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of C.H. Robinson Worldwide worth $6,427,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. National Pension Service purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $25,000. Venturi Wealth Management LLC raised its position 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 purchasing an additional 111 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $33,000. Missouri Trust & Investment Co purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $41,000. Finally, Mainstream Capital Management LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded down $0.94 during trading hours on Tuesday, reaching $100.06. The company had a trading volume of 988,360 shares, compared to its average volume of 1,331,455. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $101.08 and a 200-day simple moving average of $104.54. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.16 and a beta of 0.83.

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C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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%. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction dated 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 directly owns 77,027 shares of the company's stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on CHRW shares. Susquehanna reduced 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 research report on Thursday, January 30th. StockNews.com downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. 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 for the company in a research report on Thursday, January 30th. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Friday, December 13th. Finally, Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, March 13th. They set a "buy" rating and a $115.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $117.65.

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.