Allianz Asset Management GmbH Has $66.49 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

Allianz Asset Management GmbH lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 693,008 shares of the transportation company’s stock after selling 91,098 shares during the quarter. Allianz Asset Management GmbH owned about 0.58% of C.H. Robinson Worldwide worth $66,494,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in C.H. Robinson Worldwide by 0.4% during the first quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company’s stock worth $1,493,645,000 after buying an additional 51,207 shares in the last quarter. Boston Partners acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $234,304,000. Invesco Ltd. grew its position in C.H. Robinson Worldwide by 8.4% during the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company’s stock worth $234,058,000 after buying an additional 176,374 shares in the last quarter. Northern Trust Corp grew its position in C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock worth $174,393,000 after buying an additional 396,264 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in C.H. Robinson Worldwide by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company’s stock worth $144,965,000 after buying an additional 16,068 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 1.6%

Shares of CHRW opened at $125.99 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $138.00. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.77 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a fifty day moving average of $128.53 and a 200-day moving average of $107.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.C.H. Robinson Worldwide’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 EPS. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 56.49%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Arun Rajan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the sale, the insider owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock worth $1,714,544 over the last three months. Company insiders own 1.47% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. upped their target price on C.H. Robinson Worldwide from $126.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Truist Financial set a $150.00 target price on C.H. Robinson Worldwide in a research note on Tuesday. TD Cowen upped their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Finally, Raymond James Financial upped their target price on C.H. Robinson Worldwide from $111.00 to $158.00 and gave the stock an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $136.05.

C.H. Robinson Worldwide 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.