State Street Amends Passive Stake in C.H. Robinson Worldwide
Ticker: CHRW · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1043277
| Field | Detail |
|---|---|
| Company | C. H. Robinson Worldwide, INC. (CHRW) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns a chunk of C.H. Robinson, but it's a passive investment.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of C. H. Robinson Worldwide Inc. common stock as of December 31, 2023. This filing updates previous disclosures, confirming State Street's continued significant, but passive, investment in the freight and cargo company. For investors, this means a large institutional player maintains a stake, which can signal stability but doesn't suggest any active management changes or hostile intent.
Why It Matters
This filing confirms a major institutional investor, State Street Corporation, holds a significant, passive stake in C. H. Robinson Worldwide Inc., which can provide a degree of stability and institutional backing for the stock.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate change in investment strategy or control.
Analyst Insight
Investors should note that a large institutional investor like State Street Corporation maintains a passive stake, suggesting no immediate activist intentions or significant changes in the company's direction. This is a routine disclosure and doesn't warrant immediate action, but confirms institutional interest.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- 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 30, 2024 (date) — the filing date of the SC 13G/A
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive institutional investors who own more than 5% of a company's stock. The 'A' indicates it's an amendment to a previously filed statement, updating the information, as seen in this filing by State Street Corporation regarding C. H. Robinson Worldwide Inc.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified by its CIK 0000093751 and business address at 1 Congress Street, Boston, MA. They are a State Commercial Bank (SIC 6022).
What is the subject company of this filing?
The subject company is C. H. Robinson Worldwide, Inc., identified by its CIK 0001043277 and business address at 14701 Charlson Road, Eden Prairie, MN. It operates in the Arrangement of Transportation of Freight & Cargo (SIC 4731).
What is the CUSIP number for the securities mentioned?
The CUSIP number for the common stock of C. H. Robinson Worldwide Inc. is 12541W209, as stated on the cover page of the filing.
When was the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page of the SC 13G/A.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding C. H. ROBINSON WORLDWIDE, INC. (CHRW).