68,449 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by Polar Capital Holdings Plc

Polar Capital Holdings Plc acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 68,449 shares of the transportation company's stock, valued at approximately $7,072,000. Polar Capital Holdings Plc owned about 0.06% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at $25,000. Proficio Capital Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at $33,000. Missouri Trust & Investment Co purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Finally, Brooklyn Investment Group boosted its position in shares of C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after buying an additional 316 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CHRW shares. StockNews.com downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. UBS Group lowered their target price on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. TD Cowen increased their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a "buy" rating and a $129.00 target price on the stock. Finally, Truist Financial started coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.29.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded down $1.73 during trading on Wednesday, hitting $98.34. 304,403 shares of the company's stock were exchanged, compared to its average volume of 1,375,526. 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 52-week low of $81.39 and a 52-week high of $114.82. The business's 50-day simple moving average is $94.30 and its 200 day simple moving average is $100.61. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.16 and a beta of 0.92.

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 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations 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 last year, the business posted $0.86 EPS. As a group, equities analysts predict 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 dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is presently 59.33%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide 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.