Assenagon Asset Management S.A. Cuts Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Assenagon Asset Management S.A. lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,227 shares of the transportation company’s stock after selling 1,787 shares during the quarter. Assenagon Asset Management S.A.’s holdings in C.H. Robinson Worldwide were worth $850,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. D.A. Davidson & CO. lifted its holdings in C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after buying an additional 443 shares during the period. Chesapeake Capital Corp IL purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $835,000. Northstar Advisory Group LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth about $587,000. JPMorgan Chase & Co. lifted its position in shares of C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after buying an additional 36,769 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 59.6% in the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after buying an additional 27,370 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday, December 13th. TD Cowen raised their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their target price on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a “hold” rating in a research report on Thursday. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Finally, Raymond James upgraded shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 price objective on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $114.71.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $108.16 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a 50-day simple moving average of $105.88 and a 200-day simple moving average of $103.15.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the firm posted $0.84 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.39 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

C.H. Robinson Worldwide Company Profile

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.