Allspring Global Investments Holdings LLC Sells 103,116 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Allspring Global Investments Holdings LLC lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 59.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,358 shares of the transportation company's stock after selling 103,116 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of C.H. Robinson Worldwide worth $7,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its position in shares of C.H. Robinson Worldwide by 4.1% in the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock valued at $877,000 after purchasing an additional 340 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $206,000. Wealth Enhancement Advisory Services LLC grew its position in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company's stock valued at $2,573,000 after purchasing an additional 589 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of C.H. Robinson Worldwide by 3.2% in the first quarter. Asset Management One Co. Ltd. now owns 47,441 shares of the transportation company's stock valued at $4,858,000 after purchasing an additional 1,457 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $92,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of analyst reports. UBS Group reduced their price target on C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating on the stock in a research report on Thursday. Truist Financial initiated 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. Susquehanna reissued a "positive" rating and set a $120.00 price target (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. Evercore ISI reduced their price target on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Baird R W raised C.H. Robinson Worldwide to a "hold" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.50.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the sale, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Down 1.2%

Shares of NASDAQ:CHRW traded down $1.18 during midday trading on Friday, hitting $97.96. 478,230 shares of the stock traded hands, compared to its average volume of 1,302,297. The stock has a market capitalization of $11.63 billion, a PE ratio of 23.44, a P/E/G ratio of 1.61 and a beta of 0.89. The business's 50 day moving average is $94.67 and its two-hundred day moving average is $97.79. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a one year low of $84.24 and a one year high of $114.82.

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, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. C.H. Robinson Worldwide's quarterly revenue was down 8.3% on a year-over-year basis. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

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.