MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 21.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,633 shares of the transportation company’s stock after selling 27,276 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in C.H. Robinson Worldwide were worth $11,217,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Swedbank AB bought a new position in C.H. Robinson Worldwide during the first quarter worth about $1,051,000. Norden Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $4,585,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 13.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after buying an additional 26,156 shares during the period. Cetera Advisors LLC acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $6,665,000. Finally, Janney Montgomery Scott LLC increased its stake in C.H. Robinson Worldwide by 30.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 144,984 shares of the transportation company’s stock worth $11,039,000 after acquiring an additional 33,995 shares during the period. Institutional investors own 93.15% of the company’s stock.
Insider Activity
In related news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.47% of the company’s stock.
C.H. Robinson Worldwide Stock Up 2.0 %
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the company earned $0.90 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current year.
C.H. Robinson Worldwide Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s payout ratio is 98.02%.
Analysts Set New Price Targets
CHRW has been the topic of several analyst reports. The Goldman Sachs Group increased their target price on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the company from $87.00 to $110.00 in a report on Thursday, August 1st. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target for the company in a report on Tuesday, July 9th. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Citigroup initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $100.29.
Get Our Latest Analysis on C.H. Robinson Worldwide
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company 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 comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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