DekaBank Deutsche Girozentrale trimmed its holdings in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 2.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,709 shares of the transportation company’s stock after selling 379 shares during the period. DekaBank Deutsche Girozentrale’s holdings in C.H. Robinson Worldwide were worth $1,662,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Synovus Financial Corp grew its position in shares of C.H. Robinson Worldwide by 80.0% in the 4th quarter. Synovus Financial Corp now owns 288 shares of the transportation company’s stock worth $25,000 after buying an additional 128 shares during the period. Farmers National Bank purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at about $26,000. Bremer Trust National Association purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at about $37,000. Bremer Bank National Association purchased a new stake in C.H. Robinson Worldwide during the 1st quarter valued at about $36,000. Finally, JOYN Advisors Inc. lifted its stake in C.H. Robinson Worldwide by 102.2% during the 4th quarter. JOYN Advisors Inc. now owns 542 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 274 shares during the period. Hedge funds and other institutional investors own 85.68% of the company’s stock.
In other news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $83.18 per share, for a total transaction of $99,982.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.65% of the company’s stock.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, April 30th. The transportation company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.02. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.98 billion. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.01 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide Inc will post 4.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.37%. C.H. Robinson Worldwide’s payout ratio is currently 42.28%.
Several equities analysts have issued reports on the stock. Stifel Nicolaus set a $95.00 target price on shares of C.H. Robinson Worldwide and gave the company a “buy” rating in a research note on Friday, May 3rd. Stephens reduced their target price on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Citigroup reduced their target price on shares of C.H. Robinson Worldwide from $102.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. UBS Group lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $99.00 to $83.00 in a report on Wednesday, May 1st. Finally, Susquehanna Bancshares lowered shares of C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $92.33.
C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
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