US Bancorp DE Has $80.21 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

US Bancorp DE reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 776,350 shares of the transportation company’s stock after selling 5,473 shares during the quarter. US Bancorp DE owned 0.66% of C.H. Robinson Worldwide worth $80,212,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. QRG Capital Management Inc. boosted its holdings in C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after acquiring an additional 98 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings 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 purchasing an additional 105 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 131 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after buying an additional 144 shares during the period. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHRW. Stephens restated an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. StockNews.com raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday. TD Cowen upped their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $118.00 to $130.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $117.17.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $101.62 on Friday. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.16 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm’s 50-day simple moving average is $102.14 and its 200 day simple moving average is $104.67.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.44%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Activity

In related news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.47% of the stock is currently owned by corporate insiders.

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.