Dimensional Fund Advisors LP Increases Stake in C.H. Robinson Worldwide, Inc. $CHRW

Dimensional Fund Advisors LP lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,027,045 shares of the transportation company’s stock after purchasing an additional 48,403 shares during the period. Dimensional Fund Advisors LP owned about 0.87% of C.H. Robinson Worldwide worth $135,973,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at about $118,976,000. Boston Partners increased its stake in C.H. Robinson Worldwide by 53.0% in the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after purchasing an additional 1,218,968 shares during the period. Westfield Capital Management Co. LP bought a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $72,929,000. Qube Research & Technologies Ltd lifted its position 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 purchasing an additional 432,406 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after purchasing an additional 397,177 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $175.86 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $180.97 and its 200 day simple moving average is $156.31. The stock has a market cap of $20.86 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the business earned $1.21 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $0.63 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.17%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHRW. BMO Capital Markets reaffirmed a “market perform” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, January 14th. Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Morgan Stanley upped their price objective on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Finally, TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.29.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto acquired 594 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average cost of $168.24 per share, with a total value of $99,934.56. Following the transaction, the insider owned 35,488 shares in the company, valued at $5,970,501.12. The trade was a 1.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David P. Bozeman bought 1,223 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was purchased at an average cost of $163.34 per share, with a total value of $199,764.82. Following the transaction, the chief executive officer directly owned 190,600 shares in the company, valued at approximately $31,132,604. This represents a 0.65% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. Insiders own 0.91% of the company’s stock.

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.