Tobam Increases Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Tobam raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 265.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,115 shares of the transportation company's stock after buying an additional 11,710 shares during the period. Tobam's holdings in C.H. Robinson Worldwide were worth $1,650,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Fifth Third Bancorp lifted its position in C.H. Robinson Worldwide by 5.0% in the first quarter. Fifth Third Bancorp now owns 6,868 shares of the transportation company's stock valued at $703,000 after acquiring an additional 324 shares during the last quarter. CX Institutional purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at $92,000. Assenagon Asset Management S.A. lifted its position in 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 acquiring an additional 340 shares during the last quarter. Farther Finance Advisors LLC lifted its position in C.H. Robinson Worldwide by 1.8% in the first quarter. Farther Finance Advisors LLC now owns 27,490 shares of the transportation company's stock valued at $2,825,000 after acquiring an additional 495 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in C.H. Robinson Worldwide by 0.9% in the first quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company's stock valued at $1,579,000 after acquiring an additional 131 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider now owns 71,441 shares of the company's stock, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is owned by insiders.

Analysts Set New Price Targets

CHRW has been the subject of a number of research reports. UBS Group reduced their price target on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective on the stock. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price objective on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, TD Securities lifted their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.29.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded up $0.32 on Monday, reaching $93.86. 1,159,839 shares of the stock were exchanged, compared to its average volume of 1,333,964. C.H. Robinson Worldwide, Inc. has a 1-year low of $83.23 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 $93.48 and a two-hundred day moving average price of $98.95. The firm has a market capitalization of $11.14 billion, a PE ratio of 24.38, a PEG ratio of 1.16 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The firm's revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

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.