Sprucegrove Investment Management Ltd. Cuts Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Sprucegrove Investment Management Ltd. reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 65.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,882 shares of the transportation company’s stock after selling 98,800 shares during the period. C.H. Robinson Worldwide accounts for about 1.0% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its 5th biggest holding. Sprucegrove Investment Management Ltd.’s holdings in C.H. Robinson Worldwide were worth $8,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Horizon Investments LLC lifted its holdings in shares of C.H. Robinson Worldwide by 3.1% in the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after purchasing an additional 58 shares during the last quarter. Signaturefd LLC grew its stake in C.H. Robinson Worldwide by 3.6% during the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after buying an additional 59 shares during the last quarter. Brendel Financial Advisors LLC increased its position in C.H. Robinson Worldwide by 2.2% in the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after buying an additional 61 shares during the period. Jones Financial Companies Lllp increased its position in C.H. Robinson Worldwide by 2.8% in the third quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock worth $338,000 after buying an additional 69 shares during the period. Finally, Private Trust Co. NA lifted its stake in C.H. Robinson Worldwide by 7.1% in the fourth quarter. Private Trust Co. NA now owns 1,099 shares of the transportation company’s stock valued at $177,000 after buying an additional 73 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO David P. Bozeman purchased 1,223 shares of the stock in a transaction dated Thursday, February 12th. The shares were bought at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the transaction, the chief executive officer owned 190,600 shares in the company, valued at $31,132,604. This trade represents a 0.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the sale, the insider directly owned 52,101 shares in the company, valued at $10,487,931.30. This represents a 10.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders purchased a total of 2,422 shares of company stock worth $400,801 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Up 3.7%

CHRW stock opened at $167.13 on Wednesday. C.H. Robinson Worldwide, Inc. has a 52 week low of $86.58 and a 52 week high of $203.34. The company has a market capitalization of $19.70 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94. The firm’s 50-day moving average is $175.36 and its two-hundred day moving average is $167.63. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm posted $1.17 earnings per share. The business’s revenue was down .9% on a year-over-year basis. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.07 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CHRW shares. Truist Financial boosted their price target on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, January 29th. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Benchmark upped their target price on shares of 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. Finally, Morgan Stanley raised their price target on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $192.27.

C.H. Robinson Worldwide Profile

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.