MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Lowers Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 24.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 76,920 shares of the transportation company’s stock after selling 24,713 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in C.H. Robinson Worldwide were worth $7,960,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the period. Missouri Trust & Investment Co acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at $41,000. Quarry LP lifted its position in C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after buying an additional 171 shares during the period. Brooklyn Investment Group boosted its stake in C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after buying an additional 316 shares during the last quarter. Finally, Eastern Bank purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $107.00 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The business has a 50 day simple moving average of $105.92 and a 200-day simple moving average of $103.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.39 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.32%. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several recent analyst reports. Citigroup upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, December 13th. The Goldman Sachs Group increased their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Susquehanna raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and lifted their price target for the company from $115.00 to $130.00 in a research report on Friday, January 3rd. Evercore ISI boosted their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Raymond James upgraded shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 target price 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.71.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The stock was 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 in the company, 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. Corporate insiders own 1.47% of the company’s stock.

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.