Sei Investments Co. Boosts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sei Investments Co. lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,685 shares of the transportation company’s stock after buying an additional 1,877 shares during the quarter. Sei Investments Co. owned about 0.05% of C.H. Robinson Worldwide worth $6,683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHRW. Quantbot Technologies LP acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth $4,747,000. Blueshift Asset Management LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $280,000. iA Global Asset Management Inc. increased its stake in C.H. Robinson Worldwide by 4.9% in the 4th quarter. iA Global Asset Management Inc. now owns 8,088 shares of the transportation company’s stock valued at $836,000 after purchasing an additional 378 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $1,075,000. Finally, Royal London Asset Management Ltd. raised its position in C.H. Robinson Worldwide by 11.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 56,661 shares of the transportation company’s stock worth $5,854,000 after acquiring an additional 5,638 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CHRW shares. Stephens reissued an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Truist Financial initiated coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a “buy” rating and a $115.00 price objective for the company. Robert W. Baird upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Susquehanna cut their price objective on C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Finally, BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.89.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Up 1.3 %

NASDAQ:CHRW opened at $102.40 on Tuesday. The stock has a 50-day simple moving average of $100.56 and a 200 day simple moving average of $104.45. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

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.