Canada Pension Plan Investment Board Buys 3,845 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Canada Pension Plan Investment Board increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,005 shares of the transportation company's stock after buying an additional 3,845 shares during the quarter. Canada Pension Plan Investment Board owned about 0.12% of C.H. Robinson Worldwide worth $14,775,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Inspire Investing LLC purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth $810,000. Northstar Advisory Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $587,000. JPMorgan Chase & Co. boosted its holdings in C.H. Robinson Worldwide by 2.7% in 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. Y Intercept Hong Kong Ltd acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $211,000. Finally, Contravisory Investment Management Inc. purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $543,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 2.5 %

Shares of NASDAQ:CHRW traded down $2.28 on Friday, reaching $89.75. The company had a trading volume of 1,108,200 shares, compared to its average volume of 1,400,966. The stock has a 50-day moving average price of $96.43 and a 200 day moving average price of $102.44. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a twelve month low of $69.69 and a twelve month high of $114.82. The stock has a market capitalization of $10.61 billion, a P/E ratio of 23.31, a P/E/G ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) 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%. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Raymond James cut their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Truist Financial started coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 price target for the company. Jefferies Financial Group cut their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Susquehanna lowered their price target on C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Finally, StockNews.com cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.20.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 sale, 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 disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

About C.H. Robinson Worldwide

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.