C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,110 shares of the transportation company’s stock after buying an additional 5,200 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of C.H. Robinson Worldwide worth $6,521,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $4,401,000. Pacific Point Advisors LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at $26,876,000. Sunbelt Securities Inc. lifted its holdings in C.H. Robinson Worldwide by 7,325.0% in the 4th quarter. Sunbelt Securities Inc. now owns 891 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 879 shares in the last quarter. PharVision Advisers LLC purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at $271,000. Finally, Kinloch Capital LLC lifted its holdings in C.H. Robinson Worldwide by 3.0% in the 4th quarter. Kinloch Capital LLC now owns 34,527 shares of the transportation company’s stock valued at $3,567,000 after purchasing an additional 1,016 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $96.10 on Friday. The business has a 50-day moving average of $93.81 and a 200 day moving average of $100.15. C.H. Robinson Worldwide, Inc. has a 12 month low of $82.16 and a 12 month high of $114.82. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. 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 earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the business posted $0.86 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 59.33%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial assumed coverage on 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. JPMorgan Chase & Co. cut their target price on C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company cut their target price on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Citigroup cut their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Raymond James cut their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $114.29.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.47% of the company’s stock.

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.