Generali Asset Management SPA SGR Decreases Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Generali Asset Management SPA SGR lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 29.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,417 shares of the transportation company’s stock after selling 5,111 shares during the period. Generali Asset Management SPA SGR’s holdings in C.H. Robinson Worldwide were worth $1,996,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of C.H. Robinson Worldwide by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 14,565,409 shares of the transportation company’s stock worth $2,341,535,000 after buying an additional 364,163 shares during the period. State Street Corp increased its holdings in shares of 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 worth $716,423,000 after buying an additional 397,177 shares during the period. Wellington Management Group LLP increased its holdings in shares of 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 worth $945,773,000 after buying an additional 4,751,034 shares during the period. Boston Partners increased its holdings in shares of 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 worth $494,372,000 after buying an additional 213,245 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of 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 worth $205,224,000 after buying an additional 75,312 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,579 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the transaction, the insider owned 55,611 shares in the company, valued at $11,151,117.72. The trade was a 13.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the transaction, the insider owned 52,101 shares in the company, valued at $10,487,931.30. This represents a 10.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have bought 2,422 shares of company stock valued at $400,801 over the last three months. Corporate insiders own 0.37% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $171.39 on Friday. The company has a market cap of $20.20 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 1.71 and a beta of 0.94. The company has a 50-day moving average price of $175.07 and a 200-day moving average price of $168.24. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12 month low of $88.65 and a 12 month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.07 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

Analyst Ratings Changes

Several brokerages have recently commented on CHRW. Weiss Ratings raised shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Benchmark upped their price objective on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Loop Capital set a $206.00 price objective on shares of C.H. Robinson Worldwide in a research note on Monday, February 2nd. UBS Group set a $160.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, Raymond James Financial set a $210.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 30th. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.27.

About C.H. Robinson Worldwide

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.