226,041 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Schroder Investment Management Group

Schroder Investment Management Group purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 226,041 shares of the transportation company’s stock, valued at approximately $29,928,000.

Several other institutional investors have also added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $30,000. Clearstead Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $34,000. MUFG Securities EMEA plc purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at about $34,000. Finally, Quent Capital LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $37,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 0.0%

CHRW opened at $175.78 on Thursday. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The business has a 50 day simple moving average of $181.27 and a two-hundred day simple moving average of $156.45. The firm has a market capitalization of $20.85 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 1.85 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company earned $1.21 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $0.63 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Insiders Place Their Bets

In related news, insider Arun Rajan bought 605 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was purchased at an average cost of $167.11 per share, with a total value of $101,101.55. Following the transaction, the insider owned 133,656 shares in the company, valued at approximately $22,335,254.16. This trade represents a 0.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Castagnetto bought 594 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were bought at an average cost of $168.24 per share, for a total transaction of $99,934.56. Following the purchase, the insider directly owned 35,488 shares in the company, valued at approximately $5,970,501.12. This represents a 1.70% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 1.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHRW. Susquehanna lifted their price target on C.H. Robinson Worldwide from $210.00 to $220.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $200.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Evercore raised their target price on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Barclays upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $145.00 to $200.00 in a report on Tuesday, December 16th. Finally, Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $181.29.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.