C.H. Robinson Worldwide, Inc. $CHRW Stock Position Lowered by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 65.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,882 shares of the transportation company's stock after selling 98,800 shares during the quarter. C.H. Robinson Worldwide comprises approximately 1.0% of Sprucegrove Investment Management Ltd.'s holdings, making the stock its 5th biggest holding. Sprucegrove Investment Management Ltd.'s holdings in C.H. Robinson Worldwide were worth $8,501,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of C.H. Robinson Worldwide by 2.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,073 shares of the transportation company's stock worth $2,584,000 after buying an additional 422 shares during the period. Heartland Bank & Trust Co purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $209,000. Principal Financial Group Inc. lifted its position in C.H. Robinson Worldwide by 104.0% during the 4th quarter. Principal Financial Group Inc. now owns 301,083 shares of the transportation company's stock worth $48,405,000 after acquiring an additional 153,468 shares in the last quarter. Truist Financial Corp lifted its position in C.H. Robinson Worldwide by 6.0% during the 4th quarter. Truist Financial Corp now owns 94,444 shares of the transportation company's stock worth $15,183,000 after acquiring an additional 5,310 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in C.H. Robinson Worldwide by 4.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,619 shares of the transportation company's stock worth $582,000 after acquiring an additional 151 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $167.13 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.53 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 1 year low of $86.58 and a 1 year high of $203.34. The firm's 50-day simple moving average is $175.36 and its 200-day simple moving average is $167.63. The firm has a market cap of $19.70 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm earned $1.17 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.07 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, March 6th. C.H. Robinson Worldwide's payout ratio is 51.01%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,579 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total value of $1,720,261.08. Following the completion of the transaction, the insider owned 55,611 shares of the company's stock, valued at $11,151,117.72. The trade was a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David P. Bozeman bought 1,223 shares of the stock in a transaction on Thursday, February 12th. The shares were acquired at an average price of $163.34 per share, with a total value of $199,764.82. Following the purchase, the chief executive officer owned 190,600 shares of the company's stock, valued at $31,132,604. The trade was a 0.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 2,422 shares of company stock worth $400,801. 0.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CHRW shares. Sanford C. Bernstein lifted their price objective on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a "market perform" rating in a research note on Friday, January 9th. Morgan Stanley upped their target price on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an "underweight" rating in a research note on Thursday, January 29th. BMO Capital Markets reaffirmed a "market perform" rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Benchmark boosted their price objective on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Finally, UBS Group set a $160.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $192.27.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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