Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Decreases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group reduced its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,183 shares of the transportation company’s stock after selling 993 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in C.H. Robinson Worldwide were worth $1,043,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $25,000. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $27,000. First Financial Corp IN purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $31,000. AdvisorNet Financial Inc lifted its position in shares of C.H. Robinson Worldwide by 252.1% during the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company’s stock valued at $43,000 after buying an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company’s stock worth $49,000 after acquiring an additional 116 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CHRW shares. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a research report on Tuesday, July 1st. Barclays reduced their price target on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Bank of America increased their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Finally, Jefferies Financial Group decreased their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.29.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded up $0.21 on Friday, hitting $98.74. 52,510 shares of the company were exchanged, compared to its average volume of 1,280,294. The firm has a 50 day moving average of $96.33 and a two-hundred day moving average of $97.41. The company has a market cap of $11.72 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.61 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the business earned $0.86 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is presently 59.33%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider directly owned 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.47% of the company’s stock.

About C.H. Robinson Worldwide

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.