Commerzbank Aktiengesellschaft FI Has $218,000 Stake in C.H. Robinson Worldwide, Inc. $CHRW

Commerzbank Aktiengesellschaft FI trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 81.6% during the first quarter, HoldingsChannel.com reports. The firm owned 1,313 shares of the transportation company’s stock after selling 5,835 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in C.H. Robinson Worldwide were worth $218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vestcor Inc increased its stake in shares of C.H. Robinson Worldwide by 0.8% in the fourth quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after buying an additional 51 shares during the period. Horizon Investments LLC lifted its position in shares of C.H. Robinson Worldwide by 3.1% in the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after purchasing an additional 58 shares during the period. Signaturefd LLC raised its stake in C.H. Robinson Worldwide by 3.6% during the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after buying an additional 59 shares during the last quarter. Brendel Financial Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 2.2% in the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after buying an additional 61 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after acquiring an additional 67 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. BMO Capital Markets boosted their target price on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 target price for the company. Finally, Citigroup started coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market outperform” rating on the stock. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.46.

C.H. Robinson Worldwide Trading Down 0.9%

NASDAQ CHRW opened at $205.51 on Friday. The firm has a market capitalization of $24.22 billion, a PE ratio of 41.60, a P/E/G ratio of 1.78 and a beta of 0.91. The stock’s 50 day moving average is $187.07 and its 200 day moving average is $180.73. C.H. Robinson Worldwide, Inc. has a twelve month low of $96.89 and a twelve month high of $210.33. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.17 earnings per share. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a dividend of $0.63 per share. The ex-dividend date was Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.2%. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

About C.H. Robinson Worldwide

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.