KBC Group NV Has $7.57 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

KBC Group NV lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 370.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 73,232 shares of the transportation company’s stock after buying an additional 57,660 shares during the quarter. KBC Group NV’s holdings in C.H. Robinson Worldwide were worth $7,566,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Venturi Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the period. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide during the 4th quarter worth about $41,000. Quarry LP raised its stake in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the period. Brooklyn Investment Group lifted its holdings in shares of C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 316 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth about $54,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CHRW. Citigroup upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Evercore ISI raised their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Susquehanna upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and raised their price target for the company from $115.00 to $130.00 in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $114.71.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 34,469 shares of the company’s stock, 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. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $107.93 on Thursday. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 0.87 and a beta of 0.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The stock’s 50 day moving average is $105.85 and its 200-day moving average is $103.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.39 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

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.