MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $133,000 Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has significantly reduced its stake in C.H. Robinson Worldwide, cutting its holdings by 97.6% to just $133,000 worth of stock.
• Despite the sell-off by MEAG, other institutional investors have increased their positions, with TD Private Client Wealth LLC growing its stake by 69.2% during the same quarter.
• C.H. Robinson Worldwide recently reported $1.29 earnings per share for the quarter, surpassing analysts' expectations of $1.17, although its revenue decreased by 7.7% year-over-year.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 97.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,386 shares of the transportation company's stock after selling 55,710 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in C.H. Robinson Worldwide were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC grew its stake in C.H. Robinson Worldwide by 69.2% in the second quarter. TD Private Client Wealth LLC now owns 4,155 shares of the transportation company's stock valued at $399,000 after purchasing an additional 1,699 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of C.H. Robinson Worldwide by 1.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 39,206 shares of the transportation company's stock valued at $3,762,000 after buying an additional 712 shares in the last quarter. Revisor Wealth Management LLC increased its holdings in C.H. Robinson Worldwide by 9.0% in the second quarter. Revisor Wealth Management LLC now owns 4,345 shares of the transportation company's stock worth $438,000 after buying an additional 358 shares during the last quarter. Golden State Equity Partners raised its position in C.H. Robinson Worldwide by 5.8% during the second quarter. Golden State Equity Partners now owns 3,948 shares of the transportation company's stock valued at $379,000 after acquiring an additional 217 shares in the last quarter. Finally, Arlington Partners LLC lifted its stake in C.H. Robinson Worldwide by 10.6% in the second quarter. Arlington Partners LLC now owns 46,467 shares of the transportation company's stock valued at $4,459,000 after acquiring an additional 4,451 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $133.84 on Friday. The stock has a 50-day simple moving average of $121.19 and a 200 day simple moving average of $104.16. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $138.00. The stock has a market capitalization of $15.81 billion, a PE ratio of 30.49, a P/E/G ratio of 2.09 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the firm posted $1.15 EPS. The company's revenue was down 7.7% on a year-over-year basis. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio is 56.49%.

Insiders Place Their Bets

In related news, insider Michael John Short sold 6,364 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock worth $1,714,544 in the last ninety days. Insiders own 1.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHRW. Barclays restated an "underweight" rating and set a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Baird R W raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Finally, Citigroup raised their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $119.38.

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.

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