6,711 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,711 shares of the transportation company's stock, valued at approximately $693,000.

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

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a "buy" rating and a $115.00 price target on the stock. Stephens restated an "equal weight" rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Jefferies Financial Group decreased their target price on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Finally, Bank of America upped their target price on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average price target of $114.29.

C.H. Robinson Worldwide Trading Up 1.5%

NASDAQ:CHRW traded up $1.53 during trading hours on Friday, hitting $100.28. 1,634,809 shares of the stock were exchanged, compared to its average volume of 1,380,673. The company has a market capitalization of $11.91 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The company's 50 day moving average is $94.15 and its two-hundred day moving average is $100.64. C.H. Robinson Worldwide, Inc. has a twelve month low of $81.39 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The firm's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. On average, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,716 shares of company stock worth $1,858,008 in the last quarter. 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.