First Eagle Updates C.H. Robinson Stake as of Dec 31, 2023
Ticker: CHRW · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 1043277
| Field | Detail |
|---|---|
| Company | C. H. Robinson Worldwide, INC. (CHRW) |
| Form Type | SC 13G/A |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**First Eagle just updated its C.H. Robinson stake, watch for market reaction!**
AI Summary
First Eagle Investment Management, LLC, a New York-based investment firm, filed an amended Schedule 13G/A on February 8, 2024, indicating its ownership of C.H. Robinson Worldwide Inc. common shares as of December 31, 2023. This filing updates their previous disclosure, showing a change in their beneficial ownership stake. This matters to investors because it reveals a significant institutional investor's updated position in C.H. Robinson, which can influence market sentiment and potentially signal their long-term view of the company's prospects.
Why It Matters
This filing shows an institutional investor's updated position in C.H. Robinson, which can impact investor confidence and potentially signal future stock performance.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate high-risk actions or significant changes in control.
Analyst Insight
An investor should note that a significant institutional investor like First Eagle Investment Management, LLC, has updated its position in C.H. Robinson. While this filing doesn't disclose the exact percentage or number of shares, it signals continued interest or a re-evaluation of their stake as of year-end 2023. Smart investors would look for the specific share count and percentage in the full filing to understand the magnitude of the change and consider it alongside other fundamental analysis of C.H. Robinson.
Key Players & Entities
- First Eagle Investment Management, LLC (company) — the reporting person filing the SC 13G/A
- C.H. Robinson Worldwide Inc. (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Rule 13d-1(b).
Who is the 'Reporting Person' in this filing?
The Reporting Person is First Eagle Investment Management, LLC, located at 1345 Avenue of the Americas, New York, NY.
What is the 'Subject Company' or 'Issuer' of the securities?
The Subject Company or Issuer is C.H. Robinson Worldwide Inc., with its business address at 14701 Charlson Road, Eden Prairie, MN.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common shares of C.H. Robinson Worldwide Inc. is 12541W209.
What was the 'Date of Event which Requires Filing of this Statement'?
The Date of Event which Requires Filing of this Statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 8, 2024 regarding C. H. ROBINSON WORLDWIDE, INC. (CHRW).