Ethic Inc. Grows Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Ethic Inc. raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 52.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,276 shares of the transportation company's stock after purchasing an additional 13,166 shares during the period. Ethic Inc.'s holdings in C.H. Robinson Worldwide were worth $3,955,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CHRW. Parallel Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 2.4% in the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock valued at $443,000 after buying an additional 102 shares in the last quarter. Cascade Investment Advisors Inc. raised its position in shares of C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after buying an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock valued at $400,000 after buying an additional 131 shares in the last quarter. Sound Financial Strategies Group LLC raised its position in shares of C.H. Robinson Worldwide by 1.9% in the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock valued at $867,000 after buying an additional 156 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of C.H. Robinson Worldwide by 5.0% in the 4th quarter. Diversified Trust Co now owns 3,414 shares of the transportation company's stock valued at $353,000 after buying an additional 164 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CHRW shares. Citigroup dropped their target price on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Truist Financial initiated 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 objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a "buy" rating and a $129.00 price objective for the company. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price objective for the company in a research report on Friday, January 31st. Finally, Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $114.29.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred 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 directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This represents a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the 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 completion of the sale, the insider now directly owns 34,586 shares of the company's stock, valued at $3,444,765.60. This represents a 12.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Up 1.4%

Shares of CHRW stock traded up $1.38 during mid-day trading on Friday, reaching $100.13. 604,685 shares of the company's stock traded hands, compared to its average volume of 1,377,517. The company has a market cap of $11.89 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.16 and a beta of 0.92. The company's 50-day moving average price is $94.10 and its 200-day moving average price is $100.75. C.H. Robinson Worldwide, Inc. has a 12 month low of $81.39 and a 12 month 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.

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

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.