C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,564,999 shares of the transportation company’s stock after selling 20,624 shares during the quarter. C.H. Robinson Worldwide makes up approximately 2.5% of First Eagle Investment Management LLC’s portfolio, making the stock its 10th biggest position. First Eagle Investment Management LLC owned approximately 8.94% of C.H. Robinson Worldwide worth $1,398,806,000 as of its most recent SEC filing.

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

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the transaction, the insider directly owned 52,101 shares in the company, valued at approximately $10,487,931.30. This represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto purchased 594 shares of the stock in a transaction dated Thursday, February 12th. The shares were purchased at an average price of $168.24 per share, with a total value of $99,934.56. Following the completion of the acquisition, the insider owned 35,488 shares of the company’s stock, valued at approximately $5,970,501.12. This represents a 1.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of several research analyst reports. Loop Capital set a $206.00 price target on C.H. Robinson Worldwide in a research report on Monday, February 2nd. UBS Group set a $160.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Raymond James Financial reiterated an “outperform” rating and issued a $215.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Truist Financial upped their price objective on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a research note 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 issued a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.29.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $187.24 on Tuesday. The firm has a 50 day moving average of $178.56 and a 200-day moving average of $153.72. The company has a market cap of $22.21 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 1.95 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $203.34.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.17%.

C.H. Robinson Worldwide Profile

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.