JPMorgan Chase & Co. Has $50.57 Million Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

JPMorgan Chase & Co. cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 65.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 489,449 shares of the transportation company's stock after selling 922,442 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of C.H. Robinson Worldwide worth $50,570,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock valued at $1,501,774,000 after buying an additional 251,943 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in C.H. Robinson Worldwide by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock valued at $428,554,000 after acquiring an additional 191,611 shares during the period. Geode Capital Management LLC boosted its stake in C.H. Robinson Worldwide by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company's stock valued at $341,555,000 after acquiring an additional 42,189 shares during the period. Van ECK Associates Corp boosted its stake in C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after acquiring an additional 3,004,338 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in C.H. Robinson Worldwide by 4.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,129,703 shares of the transportation company's stock valued at $116,721,000 after acquiring an additional 47,146 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value 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. This trade represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the firm'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 completion of the transaction, the insider now directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded down $1.48 during trading hours on Thursday, reaching $90.46. 137,416 shares of the company traded hands, compared to its average volume of 1,361,640. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. 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 stock has a market cap of $10.69 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The stock's fifty day moving average is $98.27 and its 200 day moving average is $103.84.

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 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 anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 2.74%. C.H. Robinson Worldwide's payout ratio is 64.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CHRW shares. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. decreased 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 note on Thursday, January 30th. Stephens reiterated an "equal weight" rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Benchmark reissued a "buy" rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Finally, Bank of America dropped their price target on C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $118.47.

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.