Elo Mutual Pension Insurance Co Increases Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Elo Mutual Pension Insurance Co increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 28.2% in the fourth quarter, HoldingsChannel reports. The firm owned 13,333 shares of the transportation company’s stock after buying an additional 2,932 shares during the period. Elo Mutual Pension Insurance Co’s holdings in C.H. Robinson Worldwide were worth $1,378,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CHRW. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $25,000. Proficio Capital Partners LLC bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $33,000. Missouri Trust & Investment Co purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Finally, Quarry LP grew its holdings in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 27th. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,048 shares of company stock worth $1,513,656. 1.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a “buy” rating and a $115.00 target price for the company. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Finally, Raymond James lowered their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $118.89.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $101.13 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The company has a 50 day moving average price of $100.58 and a 200-day moving average price of $104.40. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

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 for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued 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 yield of 2.45%. C.H. Robinson Worldwide’s payout ratio is 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.