BNP Paribas Financial Markets Has $24.81 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

BNP Paribas Financial Markets boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 82.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,160 shares of the transportation company's stock after buying an additional 108,503 shares during the period. BNP Paribas Financial Markets owned 0.20% of C.H. Robinson Worldwide worth $24,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in shares of C.H. Robinson Worldwide by 59.6% during the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company's stock valued at $8,074,000 after purchasing an additional 27,370 shares in the last quarter. Diversified Trust Co raised its holdings in shares of C.H. Robinson Worldwide by 5.0% during the fourth quarter. Diversified Trust Co now owns 3,414 shares of the transportation company's stock valued at $353,000 after acquiring an additional 164 shares during the period. Czech National Bank raised its holdings in shares of C.H. Robinson Worldwide by 7.3% during the fourth quarter. Czech National Bank now owns 25,630 shares of the transportation company's stock valued at $2,648,000 after acquiring an additional 1,739 shares during the period. Matrix Trust Co raised its holdings in shares of C.H. Robinson Worldwide by 593.2% during the fourth quarter. Matrix Trust Co now owns 922 shares of the transportation company's stock valued at $95,000 after acquiring an additional 789 shares during the period. Finally, Northstar Advisory Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $587,000. Institutional investors own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CHRW shares. Truist Financial started coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They set a "buy" rating and a $115.00 price target on the stock. UBS Group lowered their price objective on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They set a "buy" rating and a $129.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Jefferies Financial Group cut their price objective on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.38.

C.H. Robinson Worldwide Stock Performance

CHRW traded up $1.11 during trading on Wednesday, reaching $97.39. 997,083 shares of the company's stock were exchanged, compared to its average volume of 1,375,290. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $81.39 and a fifty-two 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 business has a 50 day moving average price of $94.25 and a 200 day moving average price of $100.84. The company has a market capitalization of $11.56 billion, a P/E ratio of 25.30, a PEG ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The business's revenue was down 8.3% compared to the same quarter last year. As a group, analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.55%. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

Insider Activity

In related news, insider Angela K. Freeman sold 8,000 shares of the company's stock in a transaction dated 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 owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. 1.47% of the stock is owned by corporate insiders.

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.