J. Safra Sarasin Holding AG Purchases Shares of 27,123 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• J. Safra Sarasin Holding AG has acquired a new position in C.H. Robinson Worldwide, purchasing 27,123 shares valued at approximately $2.8 million during the first quarter.
• Analysts have set varying target prices for C.H. Robinson Worldwide, with Bank of America raising its target from $106 to $117 and labeling the stock a "buy."
• C.H. Robinson Worldwide reported a 1.3% decline in shares, with a current market cap of $13.52 billion and a quarterly dividend of $0.62, translating to a 2.2% yield.

J. Safra Sarasin Holding AG acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,123 shares of the transportation company's stock, valued at approximately $2,777,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Nissay Asset Management Corp Japan ADV raised its stake in shares of C.H. Robinson Worldwide by 0.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock valued at $1,483,000 after buying an additional 112 shares during the period. Deseret Mutual Benefit Administrators raised its stake in C.H. Robinson Worldwide by 5.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock valued at $223,000 after buying an additional 114 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of C.H. Robinson Worldwide by 31.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after purchasing an additional 116 shares in the last quarter. Benedict Financial Advisors Inc. grew its holdings in shares of C.H. Robinson Worldwide by 0.9% in the first quarter. Benedict Financial Advisors Inc. now owns 13,243 shares of the transportation company's stock worth $1,356,000 after acquiring an additional 124 shares during the period. Finally, Eliot Finkel Investment Counsel LLC grew its holdings in C.H. Robinson Worldwide by 0.4% during the first quarter. Eliot Finkel Investment Counsel LLC now owns 35,580 shares of the transportation company's stock valued at $3,643,000 after purchasing an additional 130 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Stock Up 0.1%

Shares of NASDAQ:CHRW traded up $0.14 during midday trading on Tuesday, hitting $115.17. The stock had a trading volume of 237,211 shares, compared to its average volume of 1,327,647. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The business's 50-day simple moving average is $97.91 and its 200-day simple moving average is $97.35. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $116.28. The company has a market cap of $13.67 billion, a P/E ratio of 26.22, a PEG ratio of 1.82 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%. The firm's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. On average, sell-side analysts forecast 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders 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 2.2%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 56.49%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research analyst reports. Bank of America boosted their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. increased their target price on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Robert W. Baird upgraded C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research note on Thursday, July 31st. UBS Group restated a "buy" rating and set a $133.00 target price (up from $129.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Finally, Evercore ISI reduced their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.33.

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.