C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Autumn Glory Partners LLC

Autumn Glory Partners LLC boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,132 shares of the transportation company’s stock after buying an additional 200 shares during the quarter. Autumn Glory Partners LLC’s holdings in C.H. Robinson Worldwide were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in C.H. Robinson Worldwide by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock worth $443,000 after buying an additional 102 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in shares of C.H. Robinson Worldwide by 0.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company’s stock valued at $1,483,000 after purchasing an additional 112 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 116 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of C.H. Robinson Worldwide by 0.9% in the first quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company’s stock valued at $1,579,000 after purchasing an additional 131 shares during the last quarter. Finally, Pflug Koory LLC grew its position in shares of C.H. Robinson Worldwide by 3.3% in the first quarter. Pflug Koory LLC now owns 4,379 shares of the transportation company’s stock valued at $448,000 after purchasing an additional 140 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider now owns 71,441 shares of the company’s stock, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Evercore ISI lowered their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, March 13th. They set a “buy” rating and a $115.00 target price on the stock. TD Securities raised their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Susquehanna decreased their target price on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating on the stock in a research report on Thursday, May 1st. Finally, Citigroup decreased their target price on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.29.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $93.41 on Thursday. The company’s fifty day simple moving average is $93.54 and its 200-day simple moving average is $98.87. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.24 and a 52 week high of $114.82. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market cap of $11.09 billion, a PE ratio of 22.35, a P/E/G ratio of 1.53 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the firm posted $0.86 EPS. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 59.33%.

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.