Toronto Dominion Bank Acquires 5,200 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Toronto Dominion Bank boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,110 shares of the transportation company's stock after purchasing an additional 5,200 shares during the quarter. Toronto Dominion Bank owned about 0.05% of C.H. Robinson Worldwide worth $6,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHRW. Crossmark Global Holdings Inc. grew its holdings in C.H. Robinson Worldwide by 6.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 92,809 shares of the transportation company's stock worth $9,589,000 after purchasing an additional 5,772 shares during the period. Perpetual Ltd grew its holdings in shares of C.H. Robinson Worldwide by 125.8% during the fourth quarter. Perpetual Ltd now owns 4,471 shares of the transportation company's stock valued at $462,000 after buying an additional 2,491 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in shares of C.H. Robinson Worldwide by 7.5% during the fourth quarter. Atomi Financial Group Inc. now owns 3,095 shares of the transportation company's stock valued at $320,000 after buying an additional 216 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 126.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 29,256 shares of the transportation company's stock valued at $3,039,000 after buying an additional 16,338 shares during the last quarter. Finally, Missouri Trust & Investment Co purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide 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 completion of the sale, the insider now owns 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Trading Up 1.2%

Shares of C.H. Robinson Worldwide stock traded up $1.16 during trading on Tuesday, hitting $96.91. The stock had a trading volume of 94,479 shares, compared to its average volume of 1,363,039. The firm's fifty day simple moving average is $94.03 and its 200-day simple moving average is $100.29. The stock has a market cap of $11.51 billion, a PE ratio of 25.17, a PEG ratio of 1.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 12 month low of $82.16 and a 12 month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business posted $0.86 EPS. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS 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. The ex-dividend date is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.56%. C.H. Robinson Worldwide's payout ratio is 59.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a "buy" rating and a $115.00 price target on the stock. UBS Group lowered their price objective on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Citigroup lowered their price objective on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating on the stock in a research report on Thursday, May 1st. Finally, Wells Fargo & Company lowered 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 report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.29.

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.