B. Metzler seel. Sohn & Co. AG Raises Holdings in C.H. Robinson Worldwide, Inc. $CHRW

B. Metzler seel. Sohn & Co. AG raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 97.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,482 shares of the transportation company’s stock after acquiring an additional 3,694 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in C.H. Robinson Worldwide were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Wellington Management Group LLP boosted its stake in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Boston Partners boosted its stake in C.H. Robinson Worldwide by 6.1% in the third quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock valued at $494,372,000 after acquiring an additional 213,245 shares in the last quarter. First Trust Advisors LP boosted its stake in C.H. Robinson Worldwide by 5.1% in the third quarter. First Trust Advisors LP now owns 1,550,029 shares of the transportation company’s stock valued at $205,224,000 after acquiring an additional 75,312 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in C.H. Robinson Worldwide by 68.5% in the third quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock valued at $139,194,000 after acquiring an additional 427,543 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHRW. Raymond James Financial restated an “outperform” rating on shares of C.H. Robinson Worldwide in a research note on Monday, April 20th. Truist Financial raised their target price on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. Evercore raised their target price on shares of 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. Finally, Robert W. Baird set a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.22.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Arun Rajan acquired 605 shares of the stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of $167.11 per share, for a total transaction of $101,101.55. Following the completion of the purchase, the insider owned 133,656 shares of the company’s stock, valued at approximately $22,335,254.16. This represents a 0.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the sale, the insider owned 55,611 shares of the company’s stock, valued at $11,151,117.72. The trade was a 13.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 2,422 shares of company stock valued at $400,801 and sold 17,796 shares valued at $3,555,415. 0.37% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $183.03 on Monday. C.H. Robinson Worldwide, Inc. has a 12 month low of $86.58 and a 12 month high of $203.34. The firm has a fifty day simple moving average of $175.42 and a 200-day simple moving average of $165.67. 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 capitalization of $21.57 billion, a P/E ratio of 37.89, a PEG ratio of 1.90 and a beta of 0.93.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping 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 business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 5.98 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

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.