Royal Bank of Canada Boosts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Royal Bank of Canada lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 270,154 shares of the transportation company's stock after purchasing an additional 28,722 shares during the quarter. Royal Bank of Canada owned about 0.23% of C.H. Robinson Worldwide worth $27,913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHRW. Atomi Financial Group Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 7.5% in the 4th quarter. Atomi Financial Group Inc. now owns 3,095 shares of the transportation company's stock worth $320,000 after purchasing an additional 216 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of C.H. Robinson Worldwide by 126.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 29,256 shares of the transportation company's stock worth $3,039,000 after purchasing an additional 16,338 shares during the period. SG Americas Securities LLC boosted its holdings in shares of C.H. Robinson Worldwide by 61.6% in the 4th quarter. SG Americas Securities LLC now owns 30,574 shares of the transportation company's stock worth $3,159,000 after purchasing an additional 11,658 shares during the period. Mutual Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 11,544 shares of the transportation company's stock worth $1,185,000 after acquiring an additional 225 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 24.6% during the 4th quarter. Avior Wealth Management LLC now owns 963 shares of the transportation company's stock worth $99,000 after acquiring an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.6%

Shares of CHRW traded up $1.55 during trading hours on Tuesday, hitting $97.30. The company had a trading volume of 913,623 shares, compared to its average volume of 1,366,250. The company has a market capitalization of $11.55 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. 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 one year low of $82.16 and a one year high of $114.82. The company's fifty day moving average price is $94.03 and its two-hundred day moving average price is $100.29.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $0.86 EPS. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, equities analysts forecast 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.55%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 59.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Truist Financial assumed coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a "buy" rating and a $115.00 price target for the company. Stephens reissued an "equal weight" rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Wall Street Zen lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. UBS Group decreased their price target on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Jefferies Financial Group decreased their price target on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.47% of the stock is owned by company insiders.

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.