Allianz Asset Management GmbH Has $33.15 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Allianz Asset Management GmbH boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 52.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 320,890 shares of the transportation company’s stock after purchasing an additional 109,829 shares during the quarter. Allianz Asset Management GmbH owned about 0.27% of C.H. Robinson Worldwide worth $33,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $810,000. D.A. Davidson & CO. boosted its holdings in C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after acquiring an additional 443 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $835,000. Northstar Advisory Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $587,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after acquiring an additional 36,769 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CHRW. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $118.00 to $130.00 in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, BMO Capital Markets boosted their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $117.17.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $100.88 on Monday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The company’s 50-day moving average is $102.86 and its 200 day moving average is $104.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The company has a market capitalization of $11.98 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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 research 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, April 1st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.47% of the company’s stock.

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.