DekaBank Deutsche Girozentrale Has $7.95 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

DekaBank Deutsche Girozentrale lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 20.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 74,187 shares of the transportation company’s stock after acquiring an additional 12,665 shares during the period. DekaBank Deutsche Girozentrale’s holdings in C.H. Robinson Worldwide were worth $7,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHRW. Massmutual Trust Co. FSB ADV boosted its stake in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the last quarter. Quent Capital LLC grew its stake in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the period. Eastern Bank bought a new stake in C.H. Robinson Worldwide in the third quarter valued at about $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $55,000. Finally, Peoples Bank KS bought a new position in C.H. Robinson Worldwide during the third quarter worth about $66,000. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen increased 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 research report on Thursday, August 1st. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Citigroup assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 price objective for the company. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $100.29.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $109.64 on Thursday. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $113.10. The firm has a fifty day simple moving average of $105.68 and a 200 day simple moving average of $92.84. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 6th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a yield of 2.26%. C.H. Robinson Worldwide’s dividend payout ratio is 89.53%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.18% of the company’s stock.

C.H. Robinson Worldwide Company 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.