Zurcher Kantonalbank Zurich Cantonalbank Has $5.79 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 60.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,016 shares of the transportation company’s stock after selling 83,915 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in C.H. Robinson Worldwide were worth $5,788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Inspire Investing LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $810,000. D.A. Davidson & CO. grew its stake in C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after buying an additional 443 shares during the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $835,000. Northstar Advisory Group LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $587,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after acquiring an additional 36,769 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock valued at $1,513,656 over the last 90 days. 1.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CHRW shares. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Friday, January 31st. BMO Capital Markets raised their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Bank of America decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Citigroup dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $117.65.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $98.38 on Friday. The firm has a market capitalization of $11.68 billion, a P/E ratio of 25.55, a PEG ratio of 1.16 and a beta of 0.83. The business has a 50-day moving average of $101.13 and a 200-day moving average of $104.54. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

About C.H. Robinson Worldwide

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.