90,793 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Jain Global LLC

Jain Global LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel reports. The fund acquired 90,793 shares of the transportation company’s stock, valued at approximately $12,021,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in C.H. Robinson Worldwide by 0.4% in the second quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock worth $1,404,989,000 after buying an additional 56,549 shares during the last quarter. State Street Corp grew its holdings in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after buying an additional 397,177 shares during the last quarter. Wellington Management Group LLP increased its position in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Boston Partners increased its position in shares of C.H. Robinson Worldwide by 6.1% during the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after acquiring an additional 213,245 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in C.H. Robinson Worldwide by 5.1% in the 2nd quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock worth $230,563,000 after acquiring an additional 117,222 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $170.48 on Tuesday. The firm has a fifty day simple moving average of $181.67 and a two-hundred day simple moving average of $157.56. The firm has a market cap of $20.22 billion, a PE ratio of 35.30, a P/E/G ratio of 1.78 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 1-year low of $84.68 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) 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 the consensus estimate of $3.97 billion. During the same period last year, the business posted $1.21 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.17%.

Insiders Place Their Bets

In other news, insider Michael John Short sold 6,368 shares of the stock in a transaction that occurred on 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 owned 52,101 shares in the company, valued at $10,487,931.30. This represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Arun Rajan acquired 605 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average cost of $167.11 per share, for a total transaction of $101,101.55. Following the acquisition, the insider owned 133,656 shares of the company’s stock, valued at $22,335,254.16. The trade was a 0.45% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several analyst reports. Sanford C. Bernstein upped their price objective on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a research report on Friday, January 9th. BMO Capital Markets restated a “market perform” rating and issued a $180.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Morgan Stanley upped their price target on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Thursday, January 29th. Truist Financial increased their price objective on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $215.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $181.29.

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.