KBC Group NV Acquires 57,660 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

KBC Group NV boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 370.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,232 shares of the transportation company’s stock after buying an additional 57,660 shares during the period. KBC Group NV owned approximately 0.06% of C.H. Robinson Worldwide worth $7,566,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Public Sector Pension Investment Board bought a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $411,000. AXA S.A. bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $217,000. MBB Public Markets I LLC acquired a new stake in C.H. Robinson Worldwide during the second quarter worth about $744,000. The Manufacturers Life Insurance Company increased its stake in C.H. Robinson Worldwide by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 99,801 shares of the transportation company’s stock valued at $8,794,000 after acquiring an additional 1,328 shares during the period. Finally, Creative Planning raised its holdings in C.H. Robinson Worldwide by 23.0% in the 2nd quarter. Creative Planning now owns 34,785 shares of the transportation company’s stock valued at $3,065,000 after acquiring an additional 6,510 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of research reports. Barclays boosted their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. BMO Capital Markets increased their price objective 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. The Goldman Sachs Group upped their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Raymond James upgraded C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 price objective on the stock in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $114.71.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Down 1.7 %

CHRW stock opened at $107.93 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a market cap of $12.76 billion, a P/E ratio of 37.35, a PEG ratio of 0.87 and a beta of 0.83. The business has a fifty day moving average of $105.85 and a 200-day moving average of $103.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.39 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

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.