C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,648 shares of the transportation company's stock after buying an additional 3,047 shares during the period. LPL Financial LLC's holdings in C.H. Robinson Worldwide were worth $5,750,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock valued at $443,000 after purchasing an additional 102 shares during the period. Cascade Investment Advisors Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after purchasing an additional 105 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of C.H. Robinson Worldwide by 3.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock valued at $400,000 after buying an additional 131 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock worth $717,000 after buying an additional 144 shares during the last quarter. Finally, Sound Financial Strategies Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 1.9% during the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock worth $867,000 after buying an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

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C.H. Robinson Worldwide Stock Up 1.1 %

CHRW traded up $0.99 on Friday, reaching $91.26. The company's stock had a trading volume of 1,141,961 shares, compared to its average volume of 1,416,731. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The business's 50 day moving average is $97.96 and its 200 day moving average is $103.59. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's payout ratio is currently 64.42%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the 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 directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm's 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 in the company, 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. Company insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of research reports. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Truist Financial initiated coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective on the stock. Citigroup dropped their target price on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research report on Tuesday. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target on the stock in a research report on Friday, January 31st. Finally, Raymond James dropped their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $117.20.

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.