Swiss National Bank Sells 15,600 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Swiss National Bank trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,300 shares of the transportation company’s stock after selling 15,600 shares during the quarter. Swiss National Bank’s holdings in C.H. Robinson Worldwide were worth $45,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WINTON GROUP Ltd acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $2,288,000. Russell Investments Group Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 42.8% during the third quarter. Russell Investments Group Ltd. now owns 62,850 shares of the transportation company’s stock worth $8,319,000 after purchasing an additional 18,837 shares during the period. Schroder Investment Management Group bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $29,928,000. CreativeOne Wealth LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter worth $203,000. Finally, Natixis Advisors LLC increased its holdings in C.H. Robinson Worldwide by 17.4% in the third quarter. Natixis Advisors LLC now owns 34,910 shares of the transportation company’s stock valued at $4,622,000 after purchasing an additional 5,185 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $215.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Evercore increased their price target on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Bank of America raised their price objective on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, December 24th. JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $200.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $171.86 on Friday. The business has a 50-day moving average price of $181.49 and a two-hundred day moving average price of $156.56. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The company has a market cap of $20.39 billion, a P/E ratio of 35.58, a PEG ratio of 1.85 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $1.21 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.17%.

Insider Activity

In related news, insider Arun Rajan acquired 605 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $167.11 per share, with a total value of $101,101.55. Following the transaction, the insider directly owned 133,656 shares in the company, valued at $22,335,254.16. This represents a 0.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,579 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the completion of the sale, the insider owned 55,611 shares of the company’s stock, valued at $11,151,117.72. This represents a 13.37% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders purchased 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. 1.47% of the stock is currently owned by corporate insiders.

About C.H. Robinson Worldwide

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.