Swiss National Bank Cuts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Swiss National Bank reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 331,300 shares of the transportation company's stock after selling 16,300 shares during the period. Swiss National Bank owned about 0.28% of C.H. Robinson Worldwide worth $34,230,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Inspire Investing LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $810,000. D.A. Davidson & CO. raised its holdings in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company's stock worth $741,000 after acquiring an additional 443 shares during the last quarter. Chesapeake Capital Corp IL purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $835,000. Northstar Advisory Group LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $587,000. Finally, JPMorgan Chase & Co. raised its holdings in C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock worth $155,830,000 after acquiring an additional 36,769 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 0.0 %

CHRW traded down $0.01 on Thursday, hitting $99.30. The company had a trading volume of 1,552,968 shares, compared to its average volume of 1,327,706. The company has a market cap of $11.79 billion, a PE ratio of 25.79, a PEG ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month 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 business's fifty day simple moving average is $100.91 and its 200 day simple moving average is $104.48.

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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 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%. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide's payout ratio is currently 64.42%.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 transaction, the insider now directly owns 77,027 shares of the company's stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction 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 directly owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 over the last 90 days. Insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citigroup decreased 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 research note on Monday, February 3rd. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price for the company in a research note on Friday, January 31st. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Raymond James decreased their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Finally, Truist Financial started coverage on shares of 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. One 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $117.65.

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.