C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,081 shares of the transportation company’s stock after selling 4,715 shares during the quarter. Swiss Life Asset Management Ltd owned approximately 0.07% of C.H. Robinson Worldwide worth $12,713,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CHRW. Goldman Sachs Group Inc. boosted its position in C.H. Robinson Worldwide by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after acquiring an additional 24,788 shares during the last quarter. United Services Automobile Association acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $259,000. Empowered Funds LLC boosted its position in C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after acquiring an additional 350 shares during the last quarter. Woodline Partners LP boosted its position in C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after acquiring an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after acquiring an additional 359 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling

In other news, insider Arun Rajan purchased 605 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average price of $167.11 per share, with a total value of $101,101.55. Following the purchase, the insider directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David P. Bozeman purchased 1,223 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the purchase, the chief executive officer directly owned 190,600 shares in the company, valued at $31,132,604. This trade represents a 0.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 2,422 shares of company stock valued at $400,801 in the last quarter. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CHRW shares. BMO Capital Markets restated a “market perform” rating and set a $180.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. The Goldman Sachs Group restated a “neutral” rating and set a $149.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th. Benchmark raised their target price on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Robert W. Baird set a $230.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, May 1st. Finally, Raymond James Financial set a $210.00 price target 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.27.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $167.21 on Wednesday. The company’s fifty day simple moving average is $174.34 and its 200-day simple moving average is $169.12. C.H. Robinson Worldwide, Inc. has a 52 week low of $92.36 and a 52 week high of $203.34. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a market cap of $19.71 billion, a PE ratio of 33.85, a P/E/G ratio of 1.70 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.07 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

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.