C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,981 shares of the transportation company's stock after selling 3,910 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.12% of C.H. Robinson Worldwide worth $14,045,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Canada Pension Plan Investment Board grew its stake in C.H. Robinson Worldwide by 2.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 143,005 shares of the transportation company's stock valued at $14,775,000 after purchasing an additional 3,845 shares during the last quarter. Farringdon Capital Ltd. bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $206,000. Zacks Investment Management grew its position in shares of C.H. Robinson Worldwide by 33.7% in the 4th quarter. Zacks Investment Management now owns 35,865 shares of the transportation company's stock worth $3,706,000 after buying an additional 9,047 shares during the last quarter. Marshall Wace LLP raised its stake in shares of C.H. Robinson Worldwide by 386.9% during the 4th quarter. Marshall Wace LLP now owns 374,941 shares of the transportation company's stock worth $38,739,000 after acquiring an additional 297,938 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in C.H. Robinson Worldwide by 827.3% during the fourth quarter. NewEdge Advisors LLC now owns 5,258 shares of the transportation company's stock valued at $543,000 after acquiring an additional 4,691 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred 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. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW traded down $2.28 on Friday, hitting $89.75. 1,108,200 shares of the company's stock were exchanged, compared to its average volume of 1,400,966. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 1.16 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $69.69 and a fifty-two week high of $114.82. The firm has a 50-day moving average price of $96.43 and a 200-day moving average price of $102.44.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share 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. Stockholders of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target on the stock in a research report on Friday, January 31st. Truist Financial began coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They set a "buy" rating and a $115.00 target price on the stock. Susquehanna cut their price objective on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, Jefferies Financial Group dropped 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 report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $117.20.

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.