Allspring Global Investments Holdings LLC Has $4.20 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Allspring Global Investments Holdings LLC increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 451.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,047 shares of the transportation company’s stock after buying an additional 31,150 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in C.H. Robinson Worldwide were worth $4,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Central Pacific Bank Trust Division increased its stake in shares of C.H. Robinson Worldwide by 13.6% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after acquiring an additional 120 shares during the last quarter. Empirical Finance LLC increased its position in C.H. Robinson Worldwide by 3.4% in the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock worth $325,000 after purchasing an additional 140 shares during the last quarter. Quent Capital LLC raised its stake in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares in the last quarter. Redwood Investment Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 0.6% during the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after buying an additional 165 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays raised their price objective on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Tuesday, July 9th. Susquehanna increased their target price on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Citigroup initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $100.29.

C.H. Robinson Worldwide Stock Up 0.8 %

Shares of CHRW opened at $108.94 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $105.33 and a two-hundred day moving average price of $92.46. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 43.06, a P/E/G ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a $0.62 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.28%. C.H. Robinson Worldwide’s dividend payout ratio is presently 98.02%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is currently 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.