Robeco Institutional Asset Management B.V. Increases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Robeco Institutional Asset Management B.V. raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) by 117.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,901 shares of the transportation company’s stock after acquiring an additional 73,341 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.12% of C.H. Robinson Worldwide worth $13,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its position in C.H. Robinson Worldwide by 0.8% during the third quarter. BlackRock Inc. now owns 15,539,864 shares of the transportation company’s stock valued at $1,496,647,000 after purchasing an additional 129,133 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in C.H. Robinson Worldwide by 70.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,440,384 shares of the transportation company’s stock valued at $247,382,000 after purchasing an additional 1,012,401 shares in the last quarter. Invesco Ltd. lifted its position in C.H. Robinson Worldwide by 6.5% during the first quarter. Invesco Ltd. now owns 1,367,124 shares of the transportation company’s stock valued at $147,252,000 after purchasing an additional 83,250 shares in the last quarter. Eaton Vance Management lifted its position in C.H. Robinson Worldwide by 27.0% during the first quarter. Eaton Vance Management now owns 1,328,146 shares of the transportation company’s stock valued at $143,054,000 after purchasing an additional 282,532 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in C.H. Robinson Worldwide by 4.4% during the third quarter. UBS Asset Management Americas Inc. now owns 1,304,652 shares of the transportation company’s stock valued at $125,651,000 after purchasing an additional 54,807 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CHRW shares. Credit Suisse Group lowered their target price on C.H. Robinson Worldwide from $97.00 to $93.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 4th. KeyCorp lowered their target price on C.H. Robinson Worldwide from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 11th. UBS Group downgraded C.H. Robinson Worldwide from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $90.00 to $81.00 in a research report on Wednesday, January 4th. Bank of America downgraded C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $95.00 to $88.00 in a research report on Tuesday, January 17th. Finally, Susquehanna boosted their price objective on C.H. Robinson Worldwide from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Seven research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.81.

Insider Activity

In other news, insider Michael John Short sold 3,496 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $101.29, for a total transaction of $354,109.84. Following the transaction, the insider now owns 75,928 shares of the company’s stock, valued at $7,690,747.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.64% of the company’s stock.

C.H. Robinson Worldwide Trading Down 2.3 %

Shares of NASDAQ CHRW opened at $95.91 on Friday. The business’s 50 day moving average is $99.37 and its two-hundred day moving average is $98.67. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.08 and a quick ratio of 1.08. C.H. Robinson Worldwide, Inc. has a 1-year low of $86.60 and a 1-year high of $121.23. The stock has a market capitalization of $11.17 billion, a P/E ratio of 13.14, a PEG ratio of 2.92 and a beta of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The transportation company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.32). C.H. Robinson Worldwide had a return on equity of 54.06% and a net margin of 3.82%. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. The company’s revenue was down 22.1% compared to the same quarter last year. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.57 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.61 per share. The ex-dividend date is Thursday, March 2nd. This represents a $2.44 annualized dividend and a yield of 2.54%. C.H. Robinson Worldwide’s payout ratio is currently 33.42%.

C.H. Robinson Worldwide Profile

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C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.