JPMorgan Chase & Co. Sells 922,442 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

JPMorgan Chase & Co. lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 65.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 489,449 shares of the transportation company’s stock after selling 922,442 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.41% of C.H. Robinson Worldwide worth $50,570,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CHRW. Vanguard Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock valued at $1,501,774,000 after buying an additional 251,943 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock worth $428,554,000 after acquiring an additional 191,611 shares during the last quarter. Geode Capital Management LLC raised its stake in C.H. Robinson Worldwide by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock valued at $341,555,000 after acquiring an additional 42,189 shares during the period. Van ECK Associates Corp lifted its holdings in C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after purchasing an additional 3,004,338 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in C.H. Robinson Worldwide by 4.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,129,703 shares of the transportation company’s stock worth $116,721,000 after purchasing an additional 47,146 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on CHRW shares. Barclays boosted their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. Wells Fargo & Company dropped their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Robert W. Baird raised their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Truist Financial initiated coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a “buy” rating and a $115.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a “buy” rating and a $129.00 target price for the company. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.89.

C.H. Robinson Worldwide Stock Down 4.0 %

Shares of CHRW opened at $90.94 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The stock has a 50 day simple moving average of $99.87 and a two-hundred day simple moving average of $104.35. The firm has a market cap of $10.75 billion, a P/E ratio of 23.62, a P/E/G ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate 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%. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.73%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Activity

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 value of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was 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 of the company’s stock, valued at approximately $7,732,740.53. This 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 corporate insiders.

C.H. Robinson Worldwide Company 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.