C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Man Group plc

Man Group plc increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 54.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,070 shares of the transportation company’s stock after purchasing an additional 23,396 shares during the period. Man Group plc owned 0.06% of C.H. Robinson Worldwide worth $6,826,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CHRW. National Pension Service acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth $25,000. Proficio Capital Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $41,000. Mainstream Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $41,000. Finally, Brooklyn Investment Group lifted its stake in shares of C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CHRW. UBS Group reduced their target price on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Evercore ISI reduced their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Stephens reiterated 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. Deutsche Bank Aktiengesellschaft started coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 price target for the company. Finally, Susquehanna cut their price target on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $114.29.

Insider Activity

In other news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.2%

CHRW opened at $100.08 on Tuesday. The firm has a market capitalization of $11.88 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.16 and a beta of 0.92. The firm’s 50 day moving average is $94.22 and its 200-day moving average is $100.61. C.H. Robinson Worldwide, Inc. has a 52-week low of $81.39 and a 52-week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.48%. C.H. Robinson Worldwide’s dividend payout ratio is currently 59.33%.

C.H. Robinson Worldwide Profile

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.