4,121 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Allstate Corp

Allstate Corp acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,121 shares of the transportation company’s stock, valued at approximately $546,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $118,976,000. Boston Partners raised its position in C.H. Robinson Worldwide by 53.0% during the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after acquiring an additional 1,218,968 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in C.H. Robinson Worldwide by 78.3% in the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after acquiring an additional 884,160 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in C.H. Robinson Worldwide by 119.6% in the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock valued at $76,169,000 after acquiring an additional 432,406 shares during the last quarter. Finally, State Street Corp grew its position in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the sale, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 98,770 shares of company stock worth $14,937,201 in the last ninety days. Insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wolfe Research restated an “outperform” rating and set a $188.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Sanford C. Bernstein raised their target price on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a report on Friday, January 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $140.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Stephens set a $173.00 price target on C.H. Robinson Worldwide in a research note on Thursday, October 30th. Finally, Barclays raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $145.00 to $200.00 in a research note on Tuesday, December 16th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.65.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $177.90 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $162.68 and its two-hundred day moving average price is $137.93. The firm has a market capitalization of $21.02 billion, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $180.21.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The company’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were issued a $0.63 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.