Pzena Investment Management LLC Has $31.55 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pzena Investment Management LLC lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 34.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 305,333 shares of the transportation company's stock after selling 159,694 shares during the quarter. Pzena Investment Management LLC owned about 0.26% of C.H. Robinson Worldwide worth $31,547,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CHRW. CWA Asset Management Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $285,000. Los Angeles Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $11,573,000. Venturi Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Versor Investments LP raised its holdings in C.H. Robinson Worldwide by 135.1% in the third quarter. Versor Investments LP now owns 8,132 shares of the transportation company's stock valued at $898,000 after acquiring an additional 4,673 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $311,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CHRW shares. Truist Financial started coverage on shares of C.H. Robinson Worldwide in a report on Thursday. They issued a "buy" rating and a $115.00 target price on the stock. Barclays raised their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a report on Friday, January 17th. Bank of America reduced their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Benchmark reissued a "buy" rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Finally, StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $117.65.

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Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, 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 completion of the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now owns 34,586 shares of the company's stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded up $2.06 during trading on Friday, hitting $98.38. 1,231,229 shares of the company were exchanged, compared to its average volume of 1,373,851. The company 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. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The firm's fifty day moving average price is $101.13 and its 200 day moving average price is $104.54. 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 (NASDAQ:CHRW - Get Free Report) last released 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 return on equity of 34.53% and a net margin of 2.63%. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide's payout ratio is 64.42%.

C.H. Robinson Worldwide Company 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.