Tidal Investments LLC Has $1.40 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Tidal Investments LLC lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 39.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,535 shares of the transportation company's stock after selling 8,751 shares during the period. Tidal Investments LLC's holdings in C.H. Robinson Worldwide were worth $1,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHRW. Vanguard Group Inc. boosted its position in C.H. Robinson Worldwide by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock valued at $1,501,774,000 after purchasing an additional 251,943 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock worth $428,554,000 after purchasing an additional 191,611 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock valued at $326,549,000 after buying an additional 64,019 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after buying an additional 3,004,338 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of C.H. Robinson Worldwide by 25.7% in the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on CHRW. Wall Street Zen cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Bank of America raised their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a report on Friday, May 16th. Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective for the company. Jefferies Financial Group cut their target price on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Finally, Stifel Nicolaus raised 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 report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.29.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider now directly owns 71,441 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded down $0.45 during trading hours on Friday, hitting $95.65. 259,151 shares of the company traded hands, compared to its average volume of 1,357,153. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a twelve month low of $82.16 and a twelve month high of $114.82. The firm has a 50-day moving average of $93.81 and a 200 day moving average of $100.15. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 1.16 and a beta of 0.92.

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

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.59%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 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.