Federated Hermes Inc. Acquires 38,331 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Federated Hermes Inc. grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 11,722.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,658 shares of the transportation company's stock after purchasing an additional 38,331 shares during the quarter. Federated Hermes Inc.'s holdings in C.H. Robinson Worldwide were worth $3,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth $685,000. Sit Investment Associates Inc. increased its position in shares of C.H. Robinson Worldwide by 27.4% during the fourth quarter. Sit Investment Associates Inc. now owns 87,145 shares of the transportation company's stock worth $9,004,000 after acquiring an additional 18,749 shares during the last quarter. Aviva PLC lifted its stake in shares of C.H. Robinson Worldwide by 1,520.9% in the fourth quarter. Aviva PLC now owns 70,639 shares of the transportation company's stock worth $7,298,000 after acquiring an additional 66,281 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $1,628,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $5,828,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded up $1.28 during mid-day trading on Friday, reaching $91.14. 1,036,109 shares of the stock were exchanged, compared to its average volume of 1,408,594. C.H. Robinson Worldwide, Inc. has a 1-year low of $68.98 and a 1-year high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $97.46 and a 200 day moving average price of $103.15. The firm has a market capitalization of $10.78 billion, a PE ratio of 23.67, a PEG ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates 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%. Research 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.72%. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

Analyst Ratings Changes

CHRW has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target for the company in a research note on Friday, January 31st. Citigroup reduced their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group reduced 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. Finally, StockNews.com downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. 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 presently has an average rating of "Moderate Buy" and an average target price of $117.20.

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.