Royal London Asset Management Ltd. Has $5.85 Million Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Royal London Asset Management Ltd. increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,661 shares of the transportation company’s stock after acquiring an additional 5,638 shares during the quarter. Royal London Asset Management Ltd.’s holdings in C.H. Robinson Worldwide were worth $5,854,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CHRW. Victory Capital Management Inc. increased its holdings in shares of C.H. Robinson Worldwide by 62.3% in the third quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock valued at $3,549,000 after purchasing an additional 12,348 shares during the last quarter. Natixis Advisors LLC grew its stake in C.H. Robinson Worldwide by 25.9% in the 3rd quarter. Natixis Advisors LLC now owns 15,343 shares of the transportation company’s stock valued at $1,693,000 after buying an additional 3,153 shares during the last quarter. Quest Partners LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $425,000. Pathstone Holdings LLC raised its holdings in C.H. Robinson Worldwide by 54.1% in the 3rd quarter. Pathstone Holdings LLC now owns 23,736 shares of the transportation company’s stock valued at $2,622,000 after acquiring an additional 8,334 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $987,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Stephens restated an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Finally, TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.65.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This 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 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,048 shares of company stock worth $1,513,656. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $99.95 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock has a market cap of $11.86 billion, a PE ratio of 25.96, a P/E/G ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The business’s 50-day moving average price is $100.79 and its two-hundred day moving average price is $104.43.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (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%. As a group, analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) 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.