Swiss National Bank Has $34.23 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Swiss National Bank lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 331,300 shares of the transportation company’s stock after selling 16,300 shares during the period. Swiss National Bank’s holdings in C.H. Robinson Worldwide were worth $34,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in shares of C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after acquiring an additional 3,004,338 shares in the last quarter. FMR LLC increased its position in shares of C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $102,174,000. Jupiter Asset Management Ltd. increased its position in shares of C.H. Robinson Worldwide by 737.0% during the fourth quarter. Jupiter Asset Management Ltd. now owns 400,418 shares of the transportation company’s stock worth $41,371,000 after acquiring an additional 352,578 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after acquiring an additional 249,774 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the company’s 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 sale, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction that occurred 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 owns 34,586 shares in the company, valued at $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Up 2.1 %

CHRW opened at $98.38 on Monday. 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 stock has a market cap of $11.68 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company’s 50-day moving average price is $101.13 and its two-hundred day moving average price is $104.55.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CHRW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a “buy” rating and a $129.00 target price for the company. Citigroup decreased their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a research report on Thursday. They issued a “buy” rating and a $115.00 price objective for the company. Finally, Barclays upped their price objective on shares of 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 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.65.

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.