Natixis Advisors LLC Boosts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Natixis Advisors LLC raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 73.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,574 shares of the transportation company's stock after purchasing an additional 11,231 shares during the quarter. Natixis Advisors LLC's holdings in C.H. Robinson Worldwide were worth $2,746,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cascade Investment Advisors Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock worth $1,652,000 after purchasing an additional 105 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after buying an additional 131 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after buying an additional 144 shares during the period. Sound Financial Strategies Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock valued at $867,000 after acquiring an additional 156 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in C.H. Robinson Worldwide by 5.0% in the fourth quarter. Diversified Trust Co now owns 3,414 shares of the transportation company's stock worth $353,000 after acquiring an additional 164 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

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Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the company'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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Benchmark reissued a "buy" rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Susquehanna cut their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating on the stock in a research report on Thursday, January 30th. Truist Financial assumed coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a "buy" rating and a $115.00 target price for the company. Finally, Wells Fargo & Company upgraded C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $118.00 to $130.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.65.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded down $0.60 during trading hours on Tuesday, reaching $99.89. The company had a trading volume of 410,716 shares, compared to its average volume of 1,348,440. 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 business has a fifty day moving average price of $100.73 and a 200-day moving average price of $104.41. 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 $11.86 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 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%. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 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.