Bank of New York Mellon Corp Has $116.72 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Bank of New York Mellon Corp increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,129,703 shares of the transportation company’s stock after purchasing an additional 47,146 shares during the period. Bank of New York Mellon Corp owned approximately 0.96% of C.H. Robinson Worldwide worth $116,721,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Inspire Investing LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $810,000. D.A. Davidson & CO. raised its holdings in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after acquiring an additional 443 shares in the last quarter. Chesapeake Capital Corp IL acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $835,000. Northstar Advisory Group LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $587,000. Finally, JPMorgan Chase & Co. raised its holdings in C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after acquiring an additional 36,769 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CHRW shares. Bank of America cut their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Raymond James cut their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $118.00 to $130.00 in a report on Monday, December 9th. TD Cowen upped their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, BMO Capital Markets upped their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.17.

Insider Activity

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction 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 sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Up 2.4 %

NASDAQ CHRW opened at $101.62 on Friday. The firm has a market cap of $12.06 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The stock’s 50 day simple moving average is $102.14 and its 200 day simple moving average is $104.67. 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 announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 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, sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

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.