Swiss Life Asset Management Ltd Reduces Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Swiss Life Asset Management Ltd reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,081 shares of the transportation company’s stock after selling 4,715 shares during the period. Swiss Life Asset Management Ltd’s holdings in C.H. Robinson Worldwide were worth $12,713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Transcend Capital Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $460,000. Mairs & Power Inc. increased its position in shares of C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after purchasing an additional 6,188 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $937,000. Jones Kertz & Associates Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $1,557,000. Finally, TD Waterhouse Canada Inc. increased its position in shares of C.H. Robinson Worldwide by 8,726.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock worth $2,341,000 after purchasing an additional 17,452 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research analyst reports. UBS Group set a $160.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Weiss Ratings raised shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $192.27.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto purchased 594 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The stock was bought at an average cost of $168.24 per share, with a total value of $99,934.56. Following the purchase, the insider owned 35,488 shares in the company, valued at approximately $5,970,501.12. The trade was a 1.70% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Arun Rajan purchased 605 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The stock was bought at an average cost of $167.11 per share, with a total value of $101,101.55. Following the completion of the purchase, the insider owned 133,656 shares in the company, valued at approximately $22,335,254.16. This trade represents a 0.45% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 2,422 shares of company stock valued at $400,801. Company insiders own 0.37% of the company’s stock.

C.H. Robinson Worldwide Trading Down 1.6%

C.H. Robinson Worldwide stock opened at $167.21 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $174.34 and a two-hundred day moving average price of $169.12. The firm has a market capitalization of $19.71 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.70 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $92.36 and a 52-week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.07 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.