Quantbot Technologies LP Invests $4.75 Million in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Quantbot Technologies LP purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 45,946 shares of the transportation company’s stock, valued at approximately $4,747,000.

Several other hedge funds have also added to or reduced their stakes in CHRW. Blueshift Asset Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $280,000. iA Global Asset Management Inc. grew its holdings in shares of C.H. Robinson Worldwide by 4.9% during the 4th quarter. iA Global Asset Management Inc. now owns 8,088 shares of the transportation company’s stock worth $836,000 after purchasing an additional 378 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth $1,075,000. Royal London Asset Management Ltd. raised its stake in C.H. Robinson Worldwide by 11.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 56,661 shares of the transportation company’s stock valued at $5,854,000 after purchasing an additional 5,638 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in C.H. Robinson Worldwide by 65.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,311 shares of the transportation company’s stock valued at $514,000 after acquiring an additional 2,110 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They issued a “buy” rating and a $129.00 target price on the stock. Stephens reiterated an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a “buy” rating and a $115.00 price target for the company. Barclays upped their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Finally, Robert W. Baird lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.65.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 completion of the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,048 shares of company stock valued at $1,513,656. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.7 %

Shares of CHRW stock opened at $99.95 on Friday. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.16 and a beta of 0.83. The company’s fifty day simple moving average is $100.79 and its two-hundred day simple moving average is $104.42. 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. 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 (DPR) is currently 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.