Zurich Insurance Group Ltd FI Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Zurich Insurance Group Ltd FI purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,200 shares of the transportation company's stock, valued at approximately $1,364,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CHRW. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth about $25,000. Proficio Capital Partners LLC bought a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $33,000. Missouri Trust & Investment Co purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. Mainstream Capital Management LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $41,000. Finally, Stonebridge Financial Group LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at $52,000. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Truist Financial started coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 target price on the stock. Bank of America lifted their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They set a "buy" rating and a $129.00 price objective for the company. Finally, Citigroup lowered their target price on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.29.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares of the company's stock, valued at approximately $6,959,782.22. The trade was a 7.39% 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. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.8%

C.H. Robinson Worldwide stock traded down $0.77 during trading hours on Monday, reaching $95.75. The company had a trading volume of 938,668 shares, compared to its average volume of 1,368,068. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 12-month low of $82.16 and a 12-month high of $114.82. The company has a 50-day moving average price of $94.10 and a 200 day moving average price of $100.38. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. Equities 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 company also recently disclosed 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's payout ratio is 59.33%.

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.