MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 19,824 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,096 shares of the transportation company's stock after selling 19,824 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in C.H. Robinson Worldwide were worth $5,847,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHRW. Y Intercept Hong Kong Ltd purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $211,000. Empowered Funds LLC grew its position in C.H. Robinson Worldwide by 59.8% during the fourth quarter. Empowered Funds LLC now owns 15,166 shares of the transportation company's stock worth $1,567,000 after buying an additional 5,673 shares in the last quarter. CX Institutional purchased a new position in C.H. Robinson Worldwide during the first quarter worth about $92,000. Teacher Retirement System of Texas bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $1,075,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of C.H. Robinson Worldwide by 6.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,755 shares of the transportation company's stock worth $1,731,000 after purchasing an additional 1,047 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.2%

CHRW stock traded down $0.18 during midday trading on Wednesday, hitting $93.41. The stock had a trading volume of 1,059,415 shares, compared to its average volume of 1,332,136. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.24 and a 52-week high of $114.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The business has a 50-day moving average of $93.51 and a two-hundred day moving average of $98.91. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The company's quarterly revenue was down 8.3% on a year-over-year basis. As a group, equities research 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a $0.62 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.65%. C.H. Robinson Worldwide's payout ratio is 59.33%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the transaction, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Raymond James Financial dropped their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a report on Friday, April 11th. TD Cowen raised their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. TD Securities upped their price objective on 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, Jefferies Financial Group decreased their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.29.

About C.H. Robinson Worldwide

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.