C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Lessened by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 63.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,732 shares of the transportation company’s stock after selling 14,846 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in C.H. Robinson Worldwide were worth $1,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHRW. Vanguard Group Inc. raised its position in shares of C.H. Robinson Worldwide by 0.4% during the second quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock worth $1,404,989,000 after purchasing an additional 56,549 shares during the period. State Street Corp increased its stake in C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after purchasing an additional 397,177 shares in the last quarter. Boston Partners raised its holdings in C.H. Robinson Worldwide by 53.0% during the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after buying an additional 1,218,968 shares during the period. Invesco Ltd. raised its holdings in C.H. Robinson Worldwide by 5.1% during the 2nd quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock worth $230,563,000 after buying an additional 117,222 shares during the period. Finally, First Trust Advisors LP lifted its stake in C.H. Robinson Worldwide by 5.1% during the third quarter. First Trust Advisors LP now owns 1,550,029 shares of the transportation company’s stock valued at $205,224,000 after buying an additional 75,312 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Arun Rajan purchased 605 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were acquired at an average price of $167.11 per share, for a total transaction of $101,101.55. Following the acquisition, the insider owned 133,656 shares of the company’s stock, valued at $22,335,254.16. This trade represents a 0.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David P. Bozeman acquired 1,223 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average cost of $163.34 per share, with a total value of $199,764.82. Following the purchase, the chief executive officer owned 190,600 shares in the company, valued at $31,132,604. The trade was a 0.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $175.78 on Thursday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $203.34. The stock’s 50-day moving average is $181.27 and its two-hundred day moving average is $156.45. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $20.85 billion, a P/E ratio of 36.39, a PEG ratio of 1.85 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.11. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 EPS. Analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a $0.63 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHRW. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Wolfe Research restated an “outperform” rating and issued a $188.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. Citigroup raised their price objective on shares of C.H. Robinson Worldwide from $177.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Barclays raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $145.00 to $200.00 in a research note on Tuesday, December 16th. Finally, Robert W. Baird set a $203.00 target price on C.H. Robinson Worldwide in a report on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.29.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.