Generali Asset Management SPA SGR Purchases 16,354 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Generali Asset Management SPA SGR grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,393.0% in the third quarter, HoldingsChannel.com reports. The fund owned 17,528 shares of the transportation company’s stock after acquiring an additional 16,354 shares during the quarter. Generali Asset Management SPA SGR’s holdings in C.H. Robinson Worldwide were worth $2,321,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. New York State Teachers Retirement System grew its position in shares of C.H. Robinson Worldwide by 12.8% during the 2nd quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock worth $9,666,000 after buying an additional 11,443 shares during the period. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $118,976,000. Brighton Jones LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth $1,335,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in C.H. Robinson Worldwide by 118.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,905 shares of the transportation company’s stock worth $3,472,000 after purchasing an additional 18,390 shares during the period. Finally, Oak Thistle LLC bought a new stake in C.H. Robinson Worldwide in the third quarter valued at $999,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Truist Financial increased their price target on C.H. Robinson Worldwide from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. The Goldman Sachs Group boosted their price objective on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Raymond James Financial increased their target price on C.H. Robinson Worldwide from $158.00 to $161.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Benchmark reissued a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.48.

C.H. Robinson Worldwide Trading Up 1.8%

NASDAQ CHRW opened at $163.72 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $155.53 and a 200 day simple moving average of $130.66. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $167.90. The firm has a market capitalization of $19.34 billion, a P/E ratio of 33.21, a PEG ratio of 1.77 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 EPS. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a $0.63 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.12%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the sale, the insider directly owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction on 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 transaction, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Company Profile

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.