Amundi Acquires 168,025 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Amundi boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 34.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 654,547 shares of the transportation company’s stock after buying an additional 168,025 shares during the period. Amundi owned approximately 0.55% of C.H. Robinson Worldwide worth $67,818,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CHRW. CWA Asset Management Group LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $285,000. Los Angeles Capital Management LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $11,573,000. Venturi Wealth Management LLC boosted its stake in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the period. Versor Investments LP boosted its stake in C.H. Robinson Worldwide by 135.1% during the third quarter. Versor Investments LP now owns 8,132 shares of the transportation company’s stock valued at $898,000 after buying an additional 4,673 shares during the period. Finally, WCM Investment Management LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $311,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 3.5 %

Shares of NASDAQ:CHRW opened at $98.05 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a market cap of $11.64 billion, a PE ratio of 25.47, a P/E/G ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The stock’s 50-day moving average is $101.52 and its 200 day moving average is $104.69.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred 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 in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock worth $1,513,656 in the last 90 days. Company insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CHRW shares. Benchmark reissued a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Citigroup lowered their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Raymond James lowered their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.79.

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.