DekaBank Deutsche Girozentrale Acquires 12,665 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

DekaBank Deutsche Girozentrale raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 20.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,187 shares of the transportation company's stock after acquiring an additional 12,665 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of C.H. Robinson Worldwide worth $7,947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in C.H. Robinson Worldwide by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company's stock valued at $1,082,346,000 after acquiring an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company's stock worth $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock worth $222,837,000 after purchasing an additional 526,872 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of C.H. Robinson Worldwide by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company's stock worth $115,921,000 after purchasing an additional 34,632 shares during the last quarter. Finally, Interval Partners LP bought a new stake in shares of C.H. Robinson Worldwide during the second quarter worth about $82,581,000. Institutional investors own 93.15% of the company's stock.

Insider Activity

In other news, insider Michael John Short sold 10,894 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.18% of the company's stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded down $6.60 during trading on Thursday, reaching $103.04. The company's stock had a trading volume of 4,086,342 shares, compared to its average volume of 1,542,470. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. 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 firm has a 50 day moving average of $105.68 and a 200-day moving average of $92.84. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.53 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 annualized dividend and a yield of 2.41%. This is a boost from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 89.53%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHRW. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an "equal weight" rating in a report on Thursday, August 1st. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a research note on Thursday. The Goldman Sachs Group lifted their price objective on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Finally, Baird R W raised C.H. Robinson Worldwide to a "hold" rating in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $103.24.

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.