C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Swiss National Bank

Swiss National Bank lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,900 shares of the transportation company’s stock after buying an additional 24,500 shares during the period. Swiss National Bank owned approximately 0.30% of C.H. Robinson Worldwide worth $34,341,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. State of Michigan Retirement System boosted its position in C.H. Robinson Worldwide by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock worth $3,098,000 after acquiring an additional 100 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in C.H. Robinson Worldwide by 2.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock worth $407,000 after purchasing an additional 105 shares during the period. Assetmark Inc. lifted its holdings in C.H. Robinson Worldwide by 26.3% in the second quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock worth $51,000 after purchasing an additional 110 shares during the period. Perpetual Ltd grew its position in C.H. Robinson Worldwide by 2.3% in the 2nd quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock valued at $483,000 after buying an additional 112 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its stake in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock valued at $663,000 after buying an additional 121 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 1.9%

Shares of C.H. Robinson Worldwide stock opened at $154.57 on Tuesday. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $158.70. The firm has a market capitalization of $18.26 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average is $138.45 and its 200-day moving average is $117.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.C.H. Robinson Worldwide’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.28 EPS. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is 51.12%.

Insider Buying and Selling

In other news, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares in the company, valued at $5,164,778.20. This represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider owned 65,728 shares in the company, valued at $9,840,138.88. This represents a 43.15% decrease in their position. The SEC filing for this sale provides additional information. 1.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Raymond James Financial increased their price objective on shares of C.H. Robinson Worldwide from $158.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Truist Financial increased their price target on C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Bank of America boosted their price objective on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $135.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Finally, Baird R W raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

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.