Generali Asset Management SPA SGR Trims Stake in C.H. Robinson Worldwide, Inc. $CHRW

Generali Asset Management SPA SGR lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 29.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,417 shares of the transportation company’s stock after selling 5,111 shares during the period. Generali Asset Management SPA SGR’s holdings in C.H. Robinson Worldwide were worth $1,996,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. MGO One Seven LLC bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth about $392,000. Sequoia Financial Advisors LLC boosted its stake in C.H. Robinson Worldwide by 3.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 24,189 shares of the transportation company’s stock worth $3,889,000 after acquiring an additional 715 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in C.H. Robinson Worldwide by 30.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 9,123 shares of the transportation company’s stock worth $1,467,000 after acquiring an additional 2,139 shares in the last quarter. Swedbank AB boosted its stake in C.H. Robinson Worldwide by 209.1% during the fourth quarter. Swedbank AB now owns 43,362 shares of the transportation company’s stock worth $6,971,000 after acquiring an additional 29,332 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in C.H. Robinson Worldwide by 2.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,073 shares of the transportation company’s stock worth $2,584,000 after acquiring an additional 422 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.0%

Shares of C.H. Robinson Worldwide stock opened at $171.39 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.53 and a current ratio of 1.59. The stock has a market capitalization of $20.20 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 1.71 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $88.65 and a 52-week high of $203.34. The company has a 50-day simple moving average of $175.07 and a two-hundred day simple moving average of $168.24.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.07 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto bought 594 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $168.24 per share, with a total value of $99,934.56. Following the completion of the acquisition, the insider owned 35,488 shares of the company’s stock, valued at approximately $5,970,501.12. This represents a 1.70% increase 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. Also, insider Michael John Short sold 6,368 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider directly owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders bought 2,422 shares of company stock valued at $400,801. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

CHRW has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group set a $160.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $180.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Sixteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $192.27.

C.H. Robinson Worldwide 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.