C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,422 shares of the transportation company’s stock after selling 11,564 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of C.H. Robinson Worldwide worth $10,913,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System boosted its stake in 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 valued at $9,666,000 after acquiring an additional 11,443 shares during the last quarter. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $118,976,000. Brighton Jones LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $1,335,000. Vest Financial LLC lifted its position in shares of C.H. Robinson Worldwide by 16.3% during the second quarter. Vest Financial LLC now owns 589,485 shares of the transportation company’s stock worth $56,561,000 after purchasing an additional 82,609 shares during the last quarter. Finally, Oak Thistle LLC acquired a new position in C.H. Robinson Worldwide in the third quarter worth about $999,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael D. Castagnetto sold 45,266 shares of the business’s 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 transaction, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 98,770 shares of company stock valued at $14,937,201. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $176.66 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market capitalization of $20.87 billion, a PE ratio of 35.83, a P/E/G ratio of 1.91 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $180.21. The business’s fifty day moving average price is $163.16 and its two-hundred day moving average price is $138.76.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were paid a $0.63 dividend. The ex-dividend date was Friday, December 5th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.12%.

Analyst Ratings Changes

Several analysts have issued reports on CHRW shares. Truist Financial upped their price objective on C.H. Robinson Worldwide from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Barclays raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $145.00 to $200.00 in a research report on Tuesday, December 16th. Wolfe Research reaffirmed an “outperform” rating and issued a $188.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Citigroup increased their target price on shares of C.H. Robinson Worldwide from $163.00 to $177.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $140.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Fifteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $165.70.

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.