7,106 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,106 shares of the transportation company’s stock, valued at approximately $937,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Jones Financial Companies Lllp grew its holdings in shares of C.H. Robinson Worldwide by 2.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 69 shares in the last quarter. UMB Bank n.a. grew its stake in C.H. Robinson Worldwide by 16.7% in the third quarter. UMB Bank n.a. now owns 656 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 94 shares in the last quarter. State of Michigan Retirement System increased its position in C.H. Robinson Worldwide by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock worth $3,098,000 after purchasing an additional 100 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 26.3% during the 2nd quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock valued at $51,000 after buying an additional 110 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of C.H. Robinson Worldwide by 4.2% in the 3rd quarter. Fulton Bank N.A. now owns 3,350 shares of the transportation company’s stock valued at $444,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of several analyst reports. UBS Group set a $160.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Sanford C. Bernstein upped their price objective on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Susquehanna increased their target price on shares of C.H. Robinson Worldwide from $210.00 to $220.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $180.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their price objective on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Fifteen 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $190.06 on Monday. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.00 and a beta of 0.89. The business has a 50 day moving average price of $176.28 and a 200 day moving average price of $151.08. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the company earned $1.21 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.17%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the sale, the insider directly owned 52,101 shares in the company, valued at $10,487,931.30. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David P. Bozeman acquired 1,223 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were bought at an average price of $163.34 per share, for a total transaction of $199,764.82. Following the acquisition, the chief executive officer owned 190,600 shares in the company, valued at approximately $31,132,604. This trade represents a 0.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. Company insiders own 0.91% of the company’s stock.

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.