Assenagon Asset Management S.A. Buys 242 Shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

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Assenagon Asset Management S.A. boosted its stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 0.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 29,609 shares of the transportation company’s stock after purchasing an additional 242 shares during the period. Assenagon Asset Management S.A.’s holdings in C.H. Robinson Worldwide were worth $2,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHRW. Berman Capital Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 245.3% during the second quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock valued at $27,000 after buying an additional 233 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 813.5% during the third quarter. Valeo Financial Advisors LLC now owns 338 shares of the transportation company’s stock valued at $29,000 after buying an additional 301 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $42,000. Signaturefd LLC grew its stake in shares of C.H. Robinson Worldwide by 98.9% during the second quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock valued at $44,000 after buying an additional 262 shares during the last quarter. Finally, CSat Investment Advisory L.P. grew its stake in shares of C.H. Robinson Worldwide by 116.4% during the second quarter. CSat Investment Advisory L.P. now owns 593 shares of the transportation company’s stock valued at $50,000 after buying an additional 319 shares during the last quarter. 90.91% of the stock is currently owned by institutional investors.

Shares of NASDAQ CHRW opened at $86.56 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.03 and a beta of 0.65. The stock has a 50 day moving average price of $84.56 and a 200 day moving average price of $84.18. C.H. Robinson Worldwide Inc has a 52-week low of $77.72 and a 52-week high of $94.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $4.02 billion. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. C.H. Robinson Worldwide’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. Analysts forecast that C.H. Robinson Worldwide Inc will post 4.73 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.31%. C.H. Robinson Worldwide’s payout ratio is 42.28%.

A number of research firms have recently commented on CHRW. Barclays reaffirmed a “hold” rating and set a $95.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, October 3rd. Morgan Stanley set a $65.00 target price on C.H. Robinson Worldwide and gave the company a “sell” rating in a research note on Monday, July 8th. BidaskClub raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, Citigroup cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. C.H. Robinson Worldwide presently has an average rating of “Hold” and an average target price of $86.63.

In related news, insider John Wiehoff sold 8,392 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $85.93, for a total value of $721,124.56. Following the completion of the sale, the insider now owns 34,499 shares in the company, valued at $2,964,499.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 16,356 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $84.88, for a total value of $1,388,297.28. Following the sale, the insider now owns 47,594 shares of the company’s stock, valued at approximately $4,039,778.72. The disclosure for this sale can be found here. Insiders sold 45,173 shares of company stock valued at $3,825,122 in the last quarter. 1.65% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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