C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 386.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 374,941 shares of the transportation company's stock after buying an additional 297,938 shares during the period. Marshall Wace LLP owned 0.32% of C.H. Robinson Worldwide worth $38,739,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of 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 purchasing an additional 3,004,338 shares during the period. Norges Bank acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $134,833,000. Raymond James Financial Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $102,174,000. Wellington Management Group LLP raised its position in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the period. Finally, Jupiter Asset Management Ltd. grew its position in C.H. Robinson Worldwide by 737.0% in the fourth quarter. Jupiter Asset Management Ltd. now owns 400,418 shares of the transportation company's stock worth $41,371,000 after acquiring an additional 352,578 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CHRW shares. Truist Financial began coverage on 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. Citigroup lowered their price objective 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, April 8th. Susquehanna cut their target price on C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One 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 stock. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $117.20.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.4 %

C.H. Robinson Worldwide stock traded up $1.28 during midday trading on Thursday, reaching $91.89. The company's stock had a trading volume of 284,747 shares, compared to its average volume of 1,400,669. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $69.66 and a fifty-two week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The company has a market cap of $10.86 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.16 and a beta of 0.86. The business has a 50-day simple moving average of $96.78 and a 200-day simple moving average of $102.67.

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 for the quarter, beating analysts' consensus estimates 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%. On average, research analysts expect 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 64.42%.

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.