Zurich Insurance Group Ltd FI Decreases Stock Holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

Zurich Insurance Group Ltd FI trimmed its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 84.5% during the second quarter, HoldingsChannel reports. The firm owned 10,100 shares of the transportation company’s stock after selling 55,167 shares during the period. Zurich Insurance Group Ltd FI’s holdings in C.H. Robinson Worldwide were worth $852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Berman Capital Advisors LLC lifted its stake in C.H. Robinson Worldwide by 245.3% in the 2nd quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock worth $27,000 after purchasing an additional 233 shares in the last quarter. Bremer Bank National Association purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $36,000. Meeder Asset Management Inc. purchased a new position in C.H. Robinson Worldwide in the 2nd quarter worth approximately $42,000. Signaturefd LLC lifted its stake in C.H. Robinson Worldwide by 98.9% in the 2nd quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock worth $44,000 after purchasing an additional 262 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in C.H. Robinson Worldwide by 52.4% in the 2nd quarter. Assetmark Inc. now owns 608 shares of the transportation company’s stock worth $51,000 after purchasing an additional 209 shares in the last quarter. 90.80% of the stock is currently owned by institutional investors and hedge funds.

CHRW has been the topic of several analyst reports. BidaskClub lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research report on Friday, July 26th. Finally, Morgan Stanley set a $65.00 price target on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research report on Monday, July 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.44.



Shares of CHRW stock traded down $0.56 during trading on Tuesday, hitting $83.33. 49,394 shares of the stock traded hands, compared to its average volume of 1,197,177. The firm has a market capitalization of $11.43 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.81. The firm’s fifty day moving average price is $84.10 and its 200-day moving average price is $84.55. C.H. Robinson Worldwide Inc has a 52-week low of $77.72 and a 52-week high of $98.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.02 billion. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide Inc will post 4.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, September 5th. C.H. Robinson Worldwide’s payout ratio is 42.28%.

In other C.H. Robinson Worldwide news, insider Ben G. Campbell sold 20,425 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $84.00, for a total value of $1,715,700.00. Following the sale, the insider now owns 43,006 shares of the company’s stock, valued at $3,612,504. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Wiehoff sold 8,392 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.93, for a total value of $721,124.56. Following the completion of the sale, the insider now directly owns 34,499 shares in the company, valued at approximately $2,964,499.07. The disclosure for this sale can be found here. In the last three months, insiders sold 45,173 shares of company stock worth $3,825,122. 1.65% of the stock is owned by corporate insiders.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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