C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 18.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 61,522 shares of the transportation company’s stock after selling 13,608 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.05% of C.H. Robinson Worldwide worth $5,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its stake in shares of C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares during the period. Quent Capital LLC grew its holdings in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. UMB Bank n.a. increased its stake in C.H. Robinson Worldwide by 147.0% during the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after buying an additional 294 shares during the period. Evermay Wealth Management LLC lifted its holdings in C.H. Robinson Worldwide by 336.0% in the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after buying an additional 420 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $49,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. Benchmark lifted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays increased their target price on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a research note on Wednesday, July 3rd. Finally, TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $93.67.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Trading Down 0.0 %

C.H. Robinson Worldwide stock opened at $100.26 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $105.41. The firm’s 50-day moving average is $96.50 and its 200-day moving average is $85.20. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $11.74 billion, a P/E ratio of 39.63, a PEG ratio of 2.02 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. C.H. Robinson Worldwide’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.90 earnings per share. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.47%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s payout ratio is currently 98.02%.

C.H. Robinson Worldwide Profile

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.