Vinva Investment Management Ltd Buys Shares of 5,407 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vinva Investment Management Ltd purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,407 shares of the transportation company's stock, valued at approximately $560,000.

Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the last quarter. FMR LLC raised its holdings in shares of C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock valued at $282,303,000 after buying an additional 2,449,367 shares in the last quarter. Raymond James Financial Inc. bought a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $102,174,000. Jupiter Asset Management Ltd. boosted its stake in C.H. Robinson Worldwide by 737.0% in the fourth quarter. Jupiter Asset Management Ltd. now owns 400,418 shares of the transportation company's stock worth $41,371,000 after buying an additional 352,578 shares in the last quarter. Finally, Citigroup Inc. grew its position in C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock valued at $47,573,000 after acquiring an additional 249,774 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.9 %

C.H. Robinson Worldwide stock traded up $1.88 on Wednesday, hitting $101.88. 1,075,548 shares of the stock traded hands, compared to its average volume of 1,331,679. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The firm has a market cap of $12.09 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The business's fifty day simple moving average is $100.67 and its 200 day simple moving average is $104.41.

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C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.43%. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHRW. StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. 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 target for the company. Bank of America decreased their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Robert W. Baird boosted their target price 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, Raymond James reduced their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $117.15.

Insider Buying and Selling

In other news, insider Angela K. Freeman sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was 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 represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at $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. Insiders have sold 15,048 shares of company stock worth $1,513,656 in the last 90 days. Insiders own 1.47% of the company's stock.

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.