C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Holdings Lifted by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 144.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 784,106 shares of the transportation company's stock after acquiring an additional 463,216 shares during the period. Allianz Asset Management GmbH owned about 0.66% of C.H. Robinson Worldwide worth $80,292,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company's stock valued at $15,248,000 after buying an additional 6,889 shares during the period. Amalgamated Bank grew its stake in shares of C.H. Robinson Worldwide by 1.9% during the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock valued at $2,365,000 after buying an additional 432 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of C.H. Robinson Worldwide by 4.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock valued at $877,000 after acquiring an additional 340 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $206,000. Finally, M&T Bank Corp lifted its holdings in shares of C.H. Robinson Worldwide by 1.7% during the 1st quarter. M&T Bank Corp now owns 8,713 shares of the transportation company's stock valued at $892,000 after acquiring an additional 144 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares of the company's stock, valued at $6,959,782.22. This represents a 7.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Down 0.3%

Shares of CHRW traded down $0.27 during midday trading on Friday, hitting $102.90. The company had a trading volume of 368,726 shares, compared to its average volume of 1,278,238. The company's 50 day moving average price is $96.71 and its 200 day moving average price is $97.27. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.65 and a beta of 0.89. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $114.82. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is presently 59.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Baird R W upgraded shares of C.H. Robinson Worldwide to a "hold" rating in a report on Tuesday, July 1st. TD Securities lifted their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. UBS Group cut their price objective on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, Wolfe Research upgraded shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $114.29.

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.