Robeco Institutional Asset Management B.V. Buys 89,003 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 500.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,780 shares of the transportation company's stock after buying an additional 89,003 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.09% of C.H. Robinson Worldwide worth $11,033,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CHRW. The Manufacturers Life Insurance Company raised its position in C.H. Robinson Worldwide by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 99,801 shares of the transportation company's stock valued at $8,794,000 after buying an additional 1,328 shares during the period. Creative Planning raised its position in shares of C.H. Robinson Worldwide by 23.0% in the second quarter. Creative Planning now owns 34,785 shares of the transportation company's stock valued at $3,065,000 after purchasing an additional 6,510 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of C.H. Robinson Worldwide by 5.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,468 shares of the transportation company's stock valued at $834,000 after purchasing an additional 502 shares during the last quarter. Truist Financial Corp boosted its position in shares of C.H. Robinson Worldwide by 2.8% in the second quarter. Truist Financial Corp now owns 104,122 shares of the transportation company's stock valued at $9,175,000 after acquiring an additional 2,821 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of C.H. Robinson Worldwide by 8.5% during the 2nd quarter. Cetera Investment Advisers now owns 107,603 shares of the transportation company's stock worth $9,482,000 after purchasing an additional 8,406 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company's stock, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Trading Down 1.6 %

NASDAQ:CHRW traded down $1.58 on Wednesday, hitting $97.25. The stock had a trading volume of 1,513,265 shares, compared to its average volume of 1,157,011. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.15 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year 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 fifty day moving average price of $105.02 and a two-hundred day moving average price of $104.12.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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%. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.81 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 64.42%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CHRW shares. Benchmark reiterated a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Wells Fargo & Company upgraded shares of 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 note on Monday, December 9th. Raymond James cut their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Robert W. Baird upped their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, Citigroup reduced their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $117.17.

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.