Keybank National Association OH Buys Shares of 2,974 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Keybank National Association OH acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,974 shares of the transportation company's stock, valued at approximately $307,000.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock worth $428,554,000 after acquiring an additional 191,611 shares during the period. Geode Capital Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company's stock worth $341,555,000 after purchasing an additional 42,189 shares during the period. Van ECK Associates Corp increased its position in shares of C.H. Robinson Worldwide by 92,841.1% during 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 purchasing an additional 3,004,338 shares during the period. FMR LLC raised its stake in shares of C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock valued at $282,303,000 after purchasing an additional 2,449,367 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in C.H. Robinson Worldwide by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock worth $155,830,000 after purchasing an additional 36,769 shares during the period. 93.15% of the stock is owned by institutional investors.

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C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $2.06 during mid-day trading on Friday, reaching $98.38. The company had a trading volume of 1,231,229 shares, compared to its average volume of 1,373,851. The company's 50-day moving average price is $101.38 and its 200-day moving average price is $104.63. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 1.16 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's payout ratio is 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In related news, 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 sale, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela K. Freeman sold 8,000 shares of the business'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 value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company's stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,048 shares of company stock valued at $1,513,656. Insiders own 1.47% of the company's stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of analyst reports. Raymond James cut their price target on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Stephens reaffirmed an "equal weight" rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on shares of 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. TD Cowen increased their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Finally, Barclays lifted their price objective 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $117.65.

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.