Universal Beteiligungs und Servicegesellschaft mbH Purchases 27,700 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in C.H. Robinson Worldwide, Inc. by 42.4% in the first quarter, owning a total of 93,005 shares valued at $9.52 million.
• Several analysts have recently updated their price targets for C.H. Robinson Worldwide, with consensus pricing generally in the range of $100 to $121, indicating a mixed outlook for the stock.
• Insider sales have been reported, with Angela K. Freeman selling 5,700 shares, demonstrating some management activity in the company's stock during the quarter.

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 42.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,005 shares of the transportation company's stock after purchasing an additional 27,700 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of C.H. Robinson Worldwide worth $9,524,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHRW. North Capital Inc. acquired a new position in C.H. Robinson Worldwide in the first quarter worth $25,000. NBC Securities Inc. bought a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $27,000. First Financial Corp IN bought a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $31,000. Proficio Capital Partners LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $33,000. Finally, AdvisorNet Financial Inc raised its position in shares of C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated 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 transaction, the insider directly owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded down $0.46 during trading hours on Friday, reaching $102.71. The company's stock had a trading volume of 1,416,860 shares, compared to its average volume of 997,261. The firm's 50 day simple moving average is $96.76 and its 200-day simple moving average is $97.22. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.69 and a beta of 0.89. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two 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 released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the business posted $0.86 EPS. C.H. Robinson Worldwide's revenue for the quarter was down 8.3% on a year-over-year basis. Sell-side analysts forecast 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 was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's payout ratio is presently 59.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CHRW shares. Evercore ISI dropped their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Jefferies Financial Group dropped their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Barclays dropped their price objective on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. Finally, Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.