Farringdon Capital Ltd. Invests $206,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Farringdon Capital Ltd. acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,997 shares of the transportation company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CHRW. Zacks Investment Management raised its holdings in shares of C.H. Robinson Worldwide by 33.7% in the fourth quarter. Zacks Investment Management now owns 35,865 shares of the transportation company’s stock valued at $3,706,000 after acquiring an additional 9,047 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of C.H. Robinson Worldwide by 386.9% during the fourth quarter. Marshall Wace LLP now owns 374,941 shares of the transportation company’s stock valued at $38,739,000 after purchasing an additional 297,938 shares in the last quarter. NewEdge Advisors LLC increased its holdings in C.H. Robinson Worldwide by 827.3% during the fourth quarter. NewEdge Advisors LLC now owns 5,258 shares of the transportation company’s stock valued at $543,000 after buying an additional 4,691 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in C.H. Robinson Worldwide during the fourth quarter worth $597,000. Finally, CreativeOne Wealth LLC bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $620,000. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $91.14 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $69.66 and a fifty-two week high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm has a market capitalization of $10.78 billion, a P/E ratio of 23.67, a PEG ratio of 1.16 and a beta of 0.86. The stock has a 50-day simple moving average of $97.29 and a two-hundred day simple moving average of $102.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data 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 net margin of 2.63% and a return on equity of 34.53%. On average, equities analysts forecast 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 was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.72%. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CHRW. Citigroup dropped their price objective on 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. Truist Financial began 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 for the company. Benchmark reaffirmed a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. decreased their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $117.20.

C.H. Robinson Worldwide Company 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.