Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,986 shares of the transportation company’s stock after acquiring an additional 981 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of C.H. Robinson Worldwide worth $9,018,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in C.H. Robinson Worldwide during the first quarter worth about $32,000. FNY Investment Advisers LLC purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $38,000. Cullen Frost Bankers Inc. lifted its holdings in C.H. Robinson Worldwide by 203.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after buying an additional 299 shares in the last quarter. National Pension Service boosted its position in C.H. Robinson Worldwide by 74.4% in the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after buying an additional 183 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth $51,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $148.57 on Friday. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $158.70. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $137.64 and a 200 day moving average price of $116.46.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.12%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHRW. Truist Financial increased their price objective on C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price objective on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, The Goldman Sachs Group boosted their price target on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $143.00.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This represents a 43.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the transaction, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.91% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.