United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys Shares of 6,800 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,800 shares of the transportation company’s stock, valued at approximately $703,000.

A number of other large investors have also bought and sold shares of CHRW. Mitsubishi UFJ Trust & Banking Corp boosted its stake in C.H. Robinson Worldwide by 9.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,827 shares of the transportation company’s stock worth $7,421,000 after purchasing an additional 6,433 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of C.H. Robinson Worldwide by 2.2% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 107,544 shares of the transportation company’s stock worth $11,111,000 after buying an additional 2,309 shares during the period. Potentia Wealth acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $338,000. Vanguard Group Inc. boosted its position in 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 acquiring an additional 251,943 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $1,064,000. 93.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Barclays increased their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Robert W. Baird upped their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft initiated 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 price objective for the company. Finally, Susquehanna cut their price objective on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.65.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $100.00 on Wednesday. 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 52-week low of $65.00 and a 52-week high of $114.82. The company has a market cap of $11.87 billion, a PE ratio of 25.97, a PEG ratio of 1.16 and a beta of 0.83. The firm’s 50-day moving average price is $100.67 and its 200-day moving average price is $104.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company 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 yield of 2.48%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is presently 64.42%.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the business’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 value of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now directly 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. Over the last 90 days, insiders have sold 15,048 shares of company stock worth $1,513,656. Insiders own 1.47% of the company’s stock.

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.