BlackRock Amends Passive Stake in C. H. Robinson Worldwide
Ticker: CHRW · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
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)'.
From the Filing
EDGAR Filing Documents for 0001086364-24-001994 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001994 Filing Date 2024-01-24 Accepted 2024-01-24 09:46:40 Documents 1 Document Format Files Seq Description Document Type Size 1 us12541w2098_012324.txt SC 13G/A 12025 Complete submission text file 0001086364-24-001994.txt 13954 Mailing Address 14701 CHARLSON ROAD EDEN PRAIRIE MN 55347 Business Address 14701 CHARLSON ROAD EDEN PRAIRIE MN 55347 9529378500 C. H. ROBINSON WORLDWIDE, INC. (Subject) CIK : 0001043277 (see all company filings) EIN. : 411883630 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-53177 | Film No.: 24554594 SIC : 4731 Arrangement of Transportation of Freight & Cargo (CF Office: 01 Energy & Transportation) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)