United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys Shares of 6,800 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,800 shares of the transportation company’s stock, valued at approximately $703,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in C.H. Robinson Worldwide by 2.4% during the 4th quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock worth $443,000 after purchasing an additional 102 shares during the period. Cascade Investment Advisors Inc. boosted its holdings in C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock valued at $1,652,000 after purchasing an additional 105 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of C.H. Robinson Worldwide by 3.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after buying an additional 131 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after acquiring an additional 144 shares in the last quarter. Finally, Sound Financial Strategies Group LLC increased its position in shares of C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company’s stock worth $867,000 after purchasing an additional 156 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CHRW shares. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. Truist Financial started coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a “buy” rating and a $129.00 price objective for the company. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.65.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $100.00 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The firm has a fifty day simple moving average of $100.67 and a 200-day simple moving average of $104.41. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Buying and Selling

In other news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is owned by company insiders.

About C.H. Robinson Worldwide

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.