Boston Partners Boosts Stake in C.H. Robinson Worldwide, Inc. $CHRW

Boston Partners grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 52.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,509,990 shares of the transportation company’s stock after acquiring an additional 1,210,840 shares during the period. Boston Partners owned about 2.97% of C.H. Robinson Worldwide worth $339,866,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. M&T Bank Corp lifted its holdings in C.H. Robinson Worldwide by 1.7% during the 1st quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock worth $892,000 after buying an additional 144 shares during the last quarter. New York State Teachers Retirement System lifted its stake in C.H. Robinson Worldwide by 12.8% during the second quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock worth $9,666,000 after purchasing an additional 11,443 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in C.H. Robinson Worldwide by 118.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,905 shares of the transportation company’s stock worth $3,472,000 after purchasing an additional 18,390 shares during the last quarter. Vest Financial LLC increased its stake in C.H. Robinson Worldwide by 16.3% during the second quarter. Vest Financial LLC now owns 589,485 shares of the transportation company’s stock valued at $56,561,000 after purchasing an additional 82,609 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of C.H. Robinson Worldwide by 30.6% during the second quarter. Envestnet Asset Management Inc. now owns 320,884 shares of the transportation company’s stock worth $30,789,000 after purchasing an additional 75,212 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the transaction, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 97,650 shares of company stock worth $14,639,336 in the last quarter. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Stock Up 1.5%

CHRW stock opened at $151.72 on Tuesday. The firm has a market cap of $17.92 billion, a PE ratio of 30.77, a P/E/G ratio of 1.79 and a beta of 0.88. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $158.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $133.84 and a 200 day simple moving average of $113.35.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The firm’s revenue was down 10.9% on a year-over-year basis. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.63 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

Analyst Ratings Changes

Several research firms have recently commented on CHRW. Truist Financial lifted their price target on shares of C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. Barclays raised their price target on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. Finally, Morgan Stanley increased their target price on C.H. Robinson Worldwide from $71.00 to $77.00 and gave the stock an “underweight” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

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.