Grantham Mayo Van Otterloo & Co. LLC Sells 14,846 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Grantham Mayo Van Otterloo & Co. LLC decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 63.0% during the third quarter, HoldingsChannel.com reports. 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 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $118,976,000. Boston Partners raised its position in shares of C.H. Robinson Worldwide by 53.0% in the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after purchasing an additional 1,218,968 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $72,929,000. Qube Research & Technologies Ltd lifted its stake in shares of C.H. Robinson Worldwide by 119.6% in the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after buying an additional 432,406 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after buying an additional 397,177 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,849 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $194.20, for a total transaction of $553,275.80. Following the sale, the insider directly owned 28,149 shares in the company, valued at approximately $5,466,535.80. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,579 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the completion of the sale, the insider directly owned 55,611 shares in the company, valued at approximately $11,151,117.72. The trade was a 13.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders purchased 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. 1.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Citigroup boosted their target price on shares of C.H. Robinson Worldwide from $177.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Evercore upped their price target on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, Benchmark boosted their price objective on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $181.29.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $175.78 on Thursday. The firm has a market capitalization of $20.85 billion, a PE ratio of 36.39, a PEG ratio of 1.85 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34. The business’s 50 day moving average is $181.27 and its 200-day moving average is $156.45.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the business earned $1.21 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 6.5% compared to the same quarter last year. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.17%.

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.