Swiss Life Asset Management Ltd Buys 35,715 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Swiss Life Asset Management Ltd boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 74.3% in the 3rd quarter, Holdings Channel reports. The firm owned 83,796 shares of the transportation company’s stock after acquiring an additional 35,715 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in C.H. Robinson Worldwide were worth $11,095,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CHRW. Groupama Asset Managment bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $217,000. Polar Asset Management Partners Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $5,680,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $27,000. CIBC Private Wealth Group LLC grew its stake in C.H. Robinson Worldwide by 67.7% during the third quarter. CIBC Private Wealth Group LLC now owns 964 shares of the transportation company’s stock valued at $128,000 after acquiring an additional 389 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $2,160,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In other news, insider Michael D. Castagnetto acquired 594 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The shares were purchased at an average cost of $168.24 per share, for a total transaction of $99,934.56. Following the transaction, the insider owned 35,488 shares of the company’s stock, valued at $5,970,501.12. This trade represents a 1.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David P. Bozeman acquired 1,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the acquisition, the chief executive officer owned 190,600 shares in the company, valued at $31,132,604. This represents a 0.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $168.88 on Friday. The firm has a 50 day simple moving average of $181.96 and a two-hundred day simple moving average of $158.35. The stock has a market cap of $20.03 billion, a PE ratio of 34.96, a P/E/G ratio of 1.84 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53.

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

C.H. Robinson Worldwide Announces Dividend

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

Analysts Set New Price Targets

CHRW has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $149.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Susquehanna boosted their price target on shares of C.H. Robinson Worldwide from $210.00 to $220.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. UBS Group set a $160.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Evercore increased their price objective on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.29.

C.H. Robinson Worldwide Company 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.