BNP PARIBAS ASSET MANAGEMENT Holding S.A. Lowers Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,285 shares of the transportation company’s stock after selling 6,332 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in C.H. Robinson Worldwide were worth $4,446,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $1,051,000. Chesapeake Capital Corp IL purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $835,000. abrdn plc lifted its position in shares of C.H. Robinson Worldwide by 2.6% during the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock valued at $55,818,000 after acquiring an additional 12,992 shares during the period. Cetera Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $6,665,000. Finally, Forsta AP Fonden increased its stake in C.H. Robinson Worldwide by 113.2% in the 3rd quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock valued at $9,106,000 after purchasing an additional 43,800 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. TD Cowen raised their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and an average price target of $107.63.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $107.61 on Monday. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $113.10. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market cap of $12.72 billion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 1.24 and a beta of 0.84. The stock has a 50 day moving average of $107.60 and a 200-day moving average of $97.13.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

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.