Czech National Bank Increases Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Czech National Bank raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,630 shares of the transportation company’s stock after acquiring an additional 1,739 shares during the quarter. Czech National Bank’s holdings in C.H. Robinson Worldwide were worth $2,648,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. raised its stake in C.H. Robinson Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after acquiring an additional 443 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $835,000. JPMorgan Chase & Co. lifted its holdings in shares of C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 59.6% in the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after purchasing an additional 27,370 shares during the last quarter. Finally, abrdn plc boosted its position in shares of C.H. Robinson Worldwide by 2.6% in the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock valued at $55,818,000 after purchasing an additional 12,992 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 $102.69 on Friday. The firm’s fifty day simple moving average is $106.52 and its 200-day simple moving average is $102.37. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market cap of $12.14 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 0.83 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.42%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $118.00 to $130.00 in a report on Monday, December 9th. BMO Capital Markets increased their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, December 13th. Citigroup upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. Finally, Barclays upped their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.35.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

About C.H. Robinson Worldwide

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.