BlackRock Amends Passive Stake in C. H. Robinson Worldwide
Ticker: CHRW · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1043277
| Field | Detail |
|---|---|
| Company | C. H. Robinson Worldwide, INC. (CHRW) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of C. H. Robinson, but it's a passive investment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership of C. H. Robinson Worldwide Inc. common stock as of December 31, 2023. This filing, an amendment number 2, indicates BlackRock's continued significant, but passive, stake in the transportation and logistics company. For investors, this means a major institutional player maintains confidence in C. H. Robinson, which can be a positive signal, though the specific percentage of ownership is not detailed in this excerpt.
Why It Matters
This filing confirms BlackRock's ongoing, substantial investment in C. H. Robinson, signaling institutional confidence without suggesting any active management changes.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate risks or changes to the company's operations.
Analyst Insight
Investors should note BlackRock's continued passive ownership as a sign of stability, but this filing alone doesn't suggest any immediate catalysts for stock movement.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- C. H. Robinson Worldwide Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- 12541W209 (other) — the CUSIP number for C. H. Robinson Worldwide Inc. common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 2'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under the 'FILED BY: COMPANY DATA' section.
What company's securities are the subject of this filing?
The subject company is C. H. Robinson Worldwide Inc., as identified under 'SUBJECT COMPANY: COMPANY DATA' and 'Name of Issuer'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the 'X' next to '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding C. H. ROBINSON WORLDWIDE, INC. (CHRW).