Munich Reinsurance Co Stock Corp in Munich Makes New $5.28 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Munich Reinsurance Co initiated a new stake of 39,882 shares in C.H. Robinson during Q3, valued at about $5.28 million according to its latest 13F filing.
• C.H. Robinson reported quarterly EPS of $1.23, beating estimates by $0.11, while revenue fell to $3.91 billion—missing expectations and declining 6.5% year-over-year.
• Institutional investors own 93.15% of CHRW, with large holdings including Norges Bank (~$119M) and Boston Partners (3.52M shares, ~ $341M), reflecting significant institutional interest.

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 39,882 shares of the transportation company's stock, valued at approximately $5,280,000.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth $118,976,000. Boston Partners boosted its stake in shares of C.H. Robinson Worldwide by 53.0% in the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company's stock worth $340,646,000 after acquiring an additional 1,218,968 shares during the period. Westfield Capital Management Co. LP bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $72,929,000. Qube Research & Technologies Ltd lifted its holdings in C.H. Robinson Worldwide by 119.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company's stock worth $76,169,000 after purchasing an additional 432,406 shares in the last quarter. Finally, State Street Corp lifted its holdings in C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company's stock worth $716,423,000 after purchasing an additional 397,177 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $179.64 on Friday. The stock has a 50 day moving average price of $180.33 and a 200 day moving average price of $155.30. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $203.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market capitalization of $21.31 billion, a P/E ratio of 37.19, a P/E/G ratio of 1.89 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.11. The company had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.C.H. Robinson Worldwide's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide's payout ratio is currently 52.17%.

Insider Activity

In other news, insider Michael John Short sold 6,368 shares of the company's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the transaction, the insider directly owned 52,101 shares in the company, valued at approximately $10,487,931.30. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Arun Rajan purchased 605 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of $167.11 per share, for a total transaction of $101,101.55. Following the purchase, the insider directly owned 133,656 shares in the company, valued at $22,335,254.16. This trade represents a 0.45% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. Company insiders own 1.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup increased their price objective on shares of C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a "neutral" rating in a report on Friday, January 30th. Sanford C. Bernstein boosted their target price on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a "market perform" rating in a report on Friday, January 9th. BMO Capital Markets reaffirmed a "market perform" rating and set a $180.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a "hold" rating in a report on Thursday, January 29th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.29.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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