Assenagon Asset Management S.A. Acquires 340 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Assenagon Asset Management S.A. raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,567 shares of the transportation company’s stock after acquiring an additional 340 shares during the period. Assenagon Asset Management S.A.’s holdings in C.H. Robinson Worldwide were worth $877,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CHRW. Vanguard Group Inc. boosted its stake in shares of C.H. Robinson Worldwide by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock valued at $1,501,774,000 after purchasing an additional 251,943 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock valued at $428,554,000 after acquiring an additional 191,611 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company’s stock valued at $326,549,000 after acquiring an additional 64,019 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of C.H. Robinson Worldwide by 25.7% during the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock valued at $299,582,000 after acquiring an additional 593,211 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of C.H. Robinson Worldwide by 11.1% during the fourth quarter. FMR LLC now owns 2,842,962 shares of the transportation company’s stock valued at $293,735,000 after acquiring an additional 285,171 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.2%

CHRW stock opened at $93.41 on Thursday. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.24 and a twelve month high of $114.82. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market cap of $11.09 billion, a P/E ratio of 22.35, a PEG ratio of 1.53 and a beta of 0.90. The business’s 50-day moving average price is $93.54 and its 200-day moving average price is $98.87.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the firm earned $0.86 EPS. The business’s quarterly revenue was down 8.3% on a year-over-year basis. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.65%. C.H. Robinson Worldwide’s payout ratio is currently 59.33%.

Insider Activity

In related news, insider Angela K. Freeman sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares of the company’s stock, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group reduced their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, April 11th. Wells Fargo & Company reduced their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 price objective for the company. Citigroup reduced their price objective on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Susquehanna reduced their price objective on C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.29.

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.