Royal London Asset Management Ltd. Buys 5,638 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Royal London Asset Management Ltd. lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.0% during the fourth quarter, Holdings Channel reports. The fund owned 56,661 shares of the transportation company’s stock after buying 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 large investors have also bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 102 shares during the period. Cascade Investment Advisors Inc. raised its stake in C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after buying an additional 105 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after acquiring an additional 131 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after acquiring an additional 144 shares in the last quarter. Finally, Sound Financial Strategies Group LLC grew its stake in C.H. Robinson Worldwide by 1.9% in the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company’s stock valued at $867,000 after acquiring an additional 156 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 0.7 %

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

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed 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. This represents a $2.48 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CHRW shares. JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Susquehanna dropped their price objective on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. StockNews.com lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, Raymond James lowered their price objective on 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.65.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The stock was 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. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,048 shares of company stock worth $1,513,656. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Company 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.