Pictet Asset Management Holding SA Boosts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Pictet Asset Management Holding SA boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 22.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,998 shares of the transportation company’s stock after acquiring an additional 16,066 shares during the period. Pictet Asset Management Holding SA owned 0.08% of C.H. Robinson Worldwide worth $9,195,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $86,000. Norges Bank bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $134,833,000. UniSuper Management Pty Ltd lifted its position in shares of C.H. Robinson Worldwide by 15.1% in the fourth quarter. UniSuper Management Pty Ltd now owns 19,401 shares of the transportation company’s stock valued at $2,005,000 after acquiring an additional 2,548 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its stake in shares of C.H. Robinson Worldwide by 28.2% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 13,333 shares of the transportation company’s stock worth $1,378,000 after acquiring an additional 2,932 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of C.H. Robinson Worldwide by 1.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246,706 shares of the transportation company’s stock worth $25,766,000 after purchasing an additional 2,616 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CHRW. Benchmark restated a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Raymond James dropped their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They set a “buy” rating and a $129.00 price objective for the company. Finally, StockNews.com cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.89.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $102.82 on Thursday. The stock has a market cap of $12.16 billion, a PE ratio of 26.71, a P/E/G ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a 50-day moving average price of $100.45 and a 200 day moving average price of $104.45. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.41%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

C.H. Robinson Worldwide 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.