TCW Group Inc. Has $3.31 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

TCW Group Inc. raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,984 shares of the transportation company's stock after purchasing an additional 3,419 shares during the quarter. TCW Group Inc.'s holdings in C.H. Robinson Worldwide were worth $3,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Inspire Investing LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $810,000. D.A. Davidson & CO. increased its position 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 valued at $741,000 after acquiring an additional 443 shares in the last quarter. Chesapeake Capital Corp IL bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $835,000. Northstar Advisory Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $587,000. Finally, JPMorgan Chase & Co. grew its stake in shares of C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock valued at $155,830,000 after purchasing an additional 36,769 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide 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 transaction, the insider now owns 34,586 shares of the company's stock, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.18% of the company's stock.

Remove Ads

C.H. Robinson Worldwide Trading Up 1.1 %

Shares of CHRW traded up $1.06 during trading hours on Thursday, reaching $99.24. The stock had a trading volume of 1,573,778 shares, compared to its average volume of 1,167,626. The company has a market cap of $11.78 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.16 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week 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 firm has a 50-day moving average of $102.31 and a 200 day moving average of $104.64.

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 for the quarter, beating 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%. 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 Announces Dividend

The company also recently declared 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 dividend yield of 2.50%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is 64.42%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America dropped their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Citigroup dropped their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. TD Cowen raised their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a report on Friday, December 13th. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, Barclays upped 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 research report on Friday, January 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Hold" and a consensus target price 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.