BI Asset Management Fondsmaeglerselskab A S Has $1.56 Million Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

BI Asset Management Fondsmaeglerselskab A S boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 91.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,774 shares of the transportation company’s stock after purchasing an additional 5,634 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in C.H. Robinson Worldwide were worth $1,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $30,000. MUFG Securities EMEA plc acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $34,000. Arlington Trust Co LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $34,000. Quent Capital LLC acquired a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $37,000. Finally, FNY Investment Advisers LLC acquired a new position in C.H. Robinson Worldwide during the second quarter valued at approximately $38,000. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CHRW. Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a report on Monday, February 2nd. Morgan Stanley raised their price objective on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Weiss Ratings raised shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, Raymond James Financial restated an “outperform” rating and issued a $215.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $181.29.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $200.59 on Monday. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 2.11 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $170.77 and its 200-day moving average price is $145.67. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is currently 52.17%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,849 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $194.20, for a total value of $553,275.80. Following the sale, the insider owned 28,149 shares in the company, valued at approximately $5,466,535.80. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael John Short sold 1,230 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $175.00, for a total value of $215,250.00. Following the completion of the sale, the insider directly owned 53,928 shares of the company’s stock, valued at approximately $9,437,400. The trade was a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 6,469 shares of company stock worth $1,155,491. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide 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.