Bessemer Group Inc. Increases Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Bessemer Group Inc. increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 46,179 shares of the transportation company’s stock after acquiring an additional 669 shares during the quarter. Bessemer Group Inc.’s holdings in C.H. Robinson Worldwide were worth $4,771,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. APG Asset Management N.V. grew its position in shares of C.H. Robinson Worldwide by 19.3% in the fourth quarter. APG Asset Management N.V. now owns 193,739 shares of the transportation company’s stock valued at $19,331,000 after purchasing an additional 31,404 shares during the period. Bernard Wealth Management Corp. acquired a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $83,000. Renaissance Technologies LLC increased its stake in C.H. Robinson Worldwide by 172.7% during the 4th quarter. Renaissance Technologies LLC now owns 152,708 shares of the transportation company’s stock worth $15,778,000 after buying an additional 96,700 shares in the last quarter. Invesco Ltd. raised its holdings in shares of C.H. Robinson Worldwide by 0.9% during the fourth quarter. Invesco Ltd. now owns 2,109,349 shares of the transportation company’s stock valued at $217,938,000 after acquiring an additional 18,856 shares during the last quarter. Finally, FMR LLC lifted its position in shares of C.H. Robinson Worldwide by 11.1% in the fourth quarter. FMR LLC now owns 2,842,962 shares of the transportation company’s stock valued at $293,735,000 after acquiring an additional 285,171 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.1 %

NASDAQ CHRW opened at $91.26 on Friday. 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 has a market capitalization of $10.79 billion, a P/E ratio of 23.70, a PEG ratio of 1.16 and a beta of 0.86. The firm’s 50-day moving average is $97.96 and its two-hundred day moving average is $103.59. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were issued 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

Several research firms recently commented on CHRW. Wells Fargo & Company reduced 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 note on Thursday, March 27th. Robert W. Baird raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. dropped their price objective on shares of 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. StockNews.com lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Truist Financial assumed coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.20.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.91% of the stock is owned by corporate insiders.

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.