C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 172.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,708 shares of the transportation company's stock after acquiring an additional 96,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.13% of C.H. Robinson Worldwide worth $15,778,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. Proficio Capital Partners LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $41,000. Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $41,000. Finally, Brooklyn Investment Group lifted its stake in C.H. Robinson Worldwide by 213.5% in 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. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of recent research reports. Jefferies Financial Group cut 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 report on Friday, April 11th. StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Truist Financial began 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 target price for the company. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price objective on the stock in a research report on Friday, January 31st. Finally, Barclays boosted their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus price target of $117.20.

C.H. Robinson Worldwide Trading Up 1.4 %

Shares of CHRW traded up $1.28 on Friday, hitting $91.14. 1,036,109 shares of the stock traded hands, compared to its average volume of 1,406,830. The firm has a market capitalization of $10.78 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.16 and a beta of 0.86. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 1 year low of $69.66 and a 1 year high of $114.82. The stock's 50 day moving average is $97.29 and its two-hundred day moving average is $102.96.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.72%. C.H. Robinson Worldwide's payout ratio is currently 64.42%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now owns 77,027 shares of the company's stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the business'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 sale, the insider now directly owns 34,586 shares of the company's stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

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.