TCW Group Inc. Has $3.31 Million Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

TCW Group Inc. boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,984 shares of the transportation company’s stock after purchasing an additional 3,419 shares during the period. TCW Group Inc.’s holdings in C.H. Robinson Worldwide were worth $3,305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its stake in shares of C.H. Robinson Worldwide by 502.6% in the third quarter. Blue Trust Inc. now owns 928 shares of the transportation company’s stock valued at $102,000 after buying an additional 774 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in C.H. Robinson Worldwide by 451.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 38,047 shares of the transportation company’s stock valued at $4,199,000 after purchasing an additional 31,150 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $241,000. International Assets Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $42,400,000. Finally, IFM Investors Pty Ltd lifted its stake in C.H. Robinson Worldwide by 1.2% in the third quarter. IFM Investors Pty Ltd now owns 20,647 shares of the transportation company’s stock valued at $2,279,000 after buying an additional 236 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CHRW. Citigroup cut their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Susquehanna cut their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, January 30th. Barclays upped their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Finally, BMO Capital Markets raised their price objective on 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $117.17.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $100.88 on Monday. The business has a 50-day moving average price of $102.86 and a two-hundred day moving average price of $104.67. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The company has a market cap of $11.98 billion, a P/E ratio of 26.20, a PEG ratio of 1.16 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) 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%. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate 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.