Brandywine Global Investment Management LLC Sells 5,000 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Brandywine Global Investment Management LLC decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,906 shares of the transportation company’s stock after selling 5,000 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $8,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its stake in shares of C.H. Robinson Worldwide by 37.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,101 shares of the transportation company’s stock valued at $119,000 after buying an additional 301 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of C.H. Robinson Worldwide by 1.0% in the first quarter. Mutual of America Capital Management LLC now owns 17,434 shares of the transportation company’s stock valued at $1,878,000 after buying an additional 177 shares during the period. Metis Global Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $222,000. Arizona State Retirement System increased its stake in shares of C.H. Robinson Worldwide by 0.9% in the first quarter. Arizona State Retirement System now owns 36,183 shares of the transportation company’s stock valued at $3,897,000 after buying an additional 322 shares during the period. Finally, abrdn plc increased its stake in shares of C.H. Robinson Worldwide by 7.9% in the first quarter. abrdn plc now owns 91,283 shares of the transportation company’s stock valued at $9,967,000 after buying an additional 6,709 shares during the period. Institutional investors own 92.16% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $98.06 on Thursday. C.H. Robinson Worldwide, Inc. has a 12-month low of $86.57 and a 12-month high of $121.23. The business’s fifty day moving average is $96.59 and its 200 day moving average is $103.46. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.85. The stock has a market cap of $11.54 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.34 and a beta of 0.76.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 2nd will be issued a $0.61 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, December 1st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 26.70%.

Wall Street Analyst Weigh In

CHRW has been the subject of several recent research reports. UBS Group lowered their price objective on C.H. Robinson Worldwide from $97.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, November 3rd. Raymond James downgraded C.H. Robinson Worldwide from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 15th. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, October 14th. The Goldman Sachs Group decreased their target price on shares of C.H. Robinson Worldwide from $114.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Finally, Wells Fargo & Company decreased their target price on shares of C.H. Robinson Worldwide from $94.00 to $90.00 and set an “underweight” rating for the company in a research report on Wednesday, October 12th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.67.

About C.H. Robinson Worldwide

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C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

See Also

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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