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Assenagon Asset Management S.A. cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) by 4.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,854 shares of the transportation company’s stock after selling 340 shares during the period. Assenagon Asset Management S.A.’s holdings in C.H. Robinson Worldwide were worth $846,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of CHRW. Fifth Third Bancorp lifted its holdings in shares of C.H. Robinson Worldwide by 2.8% in the first quarter. Fifth Third Bancorp now owns 5,819 shares of the transportation company’s stock valued at $627,000 after purchasing an additional 157 shares in the last quarter. American Century Companies Inc. increased its position in C.H. Robinson Worldwide by 11.0% during the fourth quarter. American Century Companies Inc. now owns 7,902 shares of the transportation company’s stock worth $850,000 after buying an additional 785 shares in the last quarter. Xponance Inc. raised its holdings in shares of C.H. Robinson Worldwide by 15.8% in the fourth quarter. Xponance Inc. now owns 10,884 shares of the transportation company’s stock worth $1,171,000 after acquiring an additional 1,482 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of C.H. Robinson Worldwide by 2.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,144 shares of the transportation company’s stock valued at $3,675,000 after acquiring an additional 933 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of C.H. Robinson Worldwide by 36.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 41,843 shares of the transportation company’s stock valued at $4,481,000 after acquiring an additional 11,100 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at C.H. Robinson Worldwide
In related news, CEO Robert C. Biesterfeld, Jr. sold 4,286 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $109.00, for a total transaction of $467,174.00. Following the sale, the chief executive officer now directly owns 181,610 shares of the company’s stock, valued at approximately $19,795,490. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Angela K. Freeman sold 28,054 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $110.03, for a total transaction of $3,086,781.62. Following the sale, the insider now directly owns 54,520 shares in the company, valued at approximately $5,998,835.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert C. Biesterfeld, Jr. sold 4,286 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $109.00, for a total value of $467,174.00. Following the transaction, the chief executive officer now owns 181,610 shares of the company’s stock, valued at approximately $19,795,490. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,679 shares of company stock worth $7,167,699. 1.64% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Evercore ISI reduced their target price on shares of C.H. Robinson Worldwide from $115.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, July 12th. Robert W. Baird increased their price target on C.H. Robinson Worldwide from $105.00 to $115.00 and gave the stock a “hold” rating in a research note on Thursday, April 28th. Susquehanna lifted their price objective on C.H. Robinson Worldwide from $95.00 to $107.00 in a research report on Thursday, April 28th. StockNews.com started coverage on C.H. Robinson Worldwide in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Wolfe Research cut C.H. Robinson Worldwide from an “outperform” rating to a “peer perform” rating in a report on Tuesday, July 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.90.
C.H. Robinson Worldwide Stock Up 3.0 %
Shares of NASDAQ:CHRW opened at $98.48 on Monday. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.67 and a 12-month high of $115.99. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.76. The firm has a market cap of $12.53 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73. The company has a fifty day simple moving average of $103.40 and a 200 day simple moving average of $102.69.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last released its earnings results on Wednesday, April 27th. The transportation company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.51. C.H. Robinson Worldwide had a net margin of 3.75% and a return on equity of 47.22%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 7.36 EPS for the current fiscal year.
C.H. Robinson Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 3rd were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, June 2nd. C.H. Robinson Worldwide’s dividend payout ratio is presently 31.07%.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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