State Street Amends Passive Stake in C.H. Robinson Worldwide
Ticker: CHRW · Form: SC 13G/A · Filed: 2024-01-30T00:00:00.000Z
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.
From the Filing
EDGAR Filing Documents for 0000093751-24-000437 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. 0000093751-24-000437 Filing Date 2024-01-30 Accepted 2024-01-30 12:05:42 Documents 1 Document Format Files Seq Description Document Type Size 1 CH_Robinson_Worldwid.txt SC 13G/A 6768 Complete submission text file 0000093751-24-000437.txt 8828 Mailing Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 Business Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 617 786-3000 STATE STREET CORP (Filed by) CIK : 0000093751 (see all company filings) EIN. : 042456637 | State of Incorp.: MA | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6022 State Commercial Banks (CF Office: 02 Finance) 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.: 24576718 SIC : 4731 Arrangement of Transportation of Freight & Cargo (CF Office: 01 Energy & Transportation)