C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,899,550 shares of the transportation company's stock after buying an additional 593,211 shares during the period. Wellington Management Group LLP owned 2.44% of C.H. Robinson Worldwide worth $299,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Inspire Investing LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth approximately $810,000. D.A. Davidson & CO. boosted its holdings in shares of 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 purchasing an additional 443 shares during the last quarter. Northstar Advisory Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $587,000. JPMorgan Chase & Co. increased its holdings in shares of C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock worth $155,830,000 after buying an additional 36,769 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth $211,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

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C.H. Robinson Worldwide Stock Down 4.0 %

CHRW traded down $3.83 during trading on Friday, hitting $90.94. The company had a trading volume of 1,524,679 shares, compared to its average volume of 1,400,208. The company has a market cap of $10.75 billion, a PE ratio of 23.62, a P/E/G ratio of 1.16 and a beta of 0.86. 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 business has a 50-day moving average of $99.87 and a 200-day moving average of $104.37.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.73%. C.H. Robinson Worldwide's payout ratio is currently 64.42%.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of research reports. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Stephens reissued an "equal weight" rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research note on Friday, January 17th. Finally, Truist Financial started coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $118.89.

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.