Van ECK Associates Corp Has $310.74 Million Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Van ECK Associates Corp increased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 92,841.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,007,574 shares of the transportation company's stock after acquiring an additional 3,004,338 shares during the quarter. Van ECK Associates Corp owned about 2.54% of C.H. Robinson Worldwide worth $310,742,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in C.H. Robinson Worldwide by 355.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 173,474 shares of the transportation company's stock worth $17,830,000 after purchasing an additional 135,427 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth about $52,000. Summit Trail Advisors LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth about $206,000. Burns Matteson Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth about $334,000. Finally, Stephens Inc. AR raised its position in C.H. Robinson Worldwide by 8.9% in the fourth quarter. Stephens Inc. AR now owns 2,531 shares of the transportation company's stock worth $262,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research analyst reports. Raymond James decreased their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Bank of America decreased their price objective on shares of 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. Benchmark reaffirmed a "buy" rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price objective on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group upped their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $117.17.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 2,032 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Up 0.9 %

CHRW stock traded up $0.87 during midday trading on Friday, reaching $99.49. The company's stock had a trading volume of 853,960 shares, compared to its average volume of 1,187,270. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The stock has a market cap of $11.76 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82. 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 50-day simple moving average is $103.91 and its 200-day simple moving average is $104.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.49%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 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.