Royal London Asset Management Ltd. Raises Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Royal London Asset Management Ltd. lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 56,661 shares of the transportation company's stock after acquiring an additional 5,638 shares during the quarter. Royal London Asset Management Ltd.'s holdings in C.H. Robinson Worldwide were worth $5,854,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CHRW. Parallel Advisors LLC increased its stake in C.H. Robinson Worldwide by 2.4% during the 4th 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 in the last quarter. Cascade Investment Advisors Inc. increased its holdings in 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 worth $1,652,000 after acquiring an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after acquiring an additional 131 shares during the period. SkyView Investment Advisors LLC increased its holdings in C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after acquiring an additional 144 shares during the last quarter. Finally, Sound Financial Strategies Group LLC boosted its position 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 valued at $867,000 after acquiring 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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Analyst Ratings Changes

CHRW has been the subject of a number of recent analyst reports. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target for the company in a research note on Friday, January 31st. Bank of America dropped their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Susquehanna decreased their price objective on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating for the company in a research report on Wednesday. Finally, Citigroup dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.90.

Insider Activity

In other 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 transaction of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % 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 Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Down 0.2 %

Shares of C.H. Robinson Worldwide stock traded down $0.20 on Thursday, reaching $101.68. 1,082,858 shares of the company were exchanged, compared to its average volume of 1,341,889. The stock's 50 day moving average price is $100.65 and its 200-day moving average price is $104.39. 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 company has a market cap of $12.07 billion, a P/E ratio of 26.41, 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 quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping the consensus estimate 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%. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.44%. C.H. Robinson Worldwide's dividend payout ratio 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.