Grantham Mayo Van Otterloo & Co. LLC Acquires New Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,632 shares of the transportation company's stock, valued at approximately $685,000.

Several other large investors also recently added to or reduced their stakes in CHRW. National Pension Service bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $25,000. Quarry LP boosted its holdings in 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 acquiring an additional 171 shares during the period. Missouri Trust & Investment Co purchased a new stake in C.H. Robinson Worldwide in the fourth quarter worth $41,000. Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Finally, Brooklyn Investment Group increased its stake 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 worth $48,000 after buying an additional 316 shares during the period. 93.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CHRW. Bank of America decreased their price target on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Barclays lifted their target price 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. Deutsche Bank Aktiengesellschaft initiated coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a "buy" rating and a $129.00 price target on the stock. StockNews.com downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $117.20.

Remove Ads

Insider Activity

In other news, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $1.50 during mid-day trading on Monday, hitting $92.76. The stock had a trading volume of 120,134 shares, compared to its average volume of 1,414,347. The company has a 50 day moving average of $97.96 and a two-hundred day moving average of $103.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm has a market cap of $10.97 billion, a PE ratio of 24.09, a PEG ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping 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%. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.67%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is currently 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.