Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Zurcher Kantonalbank increased its stake in C.H. Robinson by 52.0%, acquiring an additional 15,930 shares to hold 46,587 shares valued at about $7.49 million at quarter-end.
• C.H. Robinson reported Q4 EPS of $1.23, beating estimates of $1.12, while revenue fell 6.5% year-over-year to $3.91 billion and missed the $3.97 billion consensus.
• CEO David P. Bozeman purchased 1,223 shares at about $163.34 (raising his stake to 190,600 shares), and the company pays a $0.63 quarterly dividend (roughly a 1.4% yield); insiders have been net sellers over the last three months.

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 52.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,587 shares of the transportation company's stock after acquiring an additional 15,930 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in C.H. Robinson Worldwide were worth $7,489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHRW. Vermillion & White Wealth Management Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $27,000. Clearstead Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company's stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $39,000. Arlington Trust Co LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $183.74 on Friday. The business's fifty day moving average price is $175.28 and its 200-day moving average price is $164.90. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 1.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. C.H. Robinson Worldwide, Inc. has a 1-year low of $86.58 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.11. The firm had revenue of $3.91 billion for 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%.The company's revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 5.98 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, March 6th. C.H. Robinson Worldwide's dividend payout ratio is presently 52.17%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America dropped their price target on C.H. Robinson Worldwide from $225.00 to $219.00 and set a "buy" rating on the stock in a research report on Friday, March 27th. Morgan Stanley boosted their price target on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an "underweight" rating in a research report on Thursday, January 29th. The Goldman Sachs Group reissued a "neutral" rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th. Citigroup upped their price objective on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Finally, Truist Financial upped their price objective on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus target price of $186.22.

Insider Activity

In other news, CEO David P. Bozeman purchased 1,223 shares of the stock in a transaction dated Thursday, February 12th. The shares were purchased at an average cost of $163.34 per share, with a total value of $199,764.82. Following the acquisition, the chief executive officer directly owned 190,600 shares of the company's stock, valued at $31,132,604. This represents a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 2,849 shares of the company's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total value of $553,275.80. Following the completion of the sale, the insider owned 28,149 shares of the company's stock, valued at $5,466,535.80. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders purchased 2,422 shares of company stock worth $400,801 and sold 17,796 shares worth $3,555,415. 0.37% of the stock is owned by corporate insiders.

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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