Andra AP fonden Sells 191,400 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Andra AP fonden lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 61.3% in the 3rd quarter, Holdings Channel reports. The firm owned 120,900 shares of the transportation company’s stock after selling 191,400 shares during the period. Andra AP fonden’s holdings in C.H. Robinson Worldwide were worth $16,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after acquiring an additional 24,788 shares in the last quarter. United Services Automobile Association bought a new stake in C.H. Robinson Worldwide in the first quarter worth $259,000. Empowered Funds LLC raised its stake in C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares in the last quarter. Woodline Partners LP lifted its position in C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 359 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Trading Up 0.6%

Shares of CHRW opened at $185.25 on Friday. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.94 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34. The company has a 50-day moving average of $178.11 and a 200 day moving average of $152.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Insiders Place Their Bets

In other news, insider Arun Rajan purchased 605 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were acquired at an average price of $167.11 per share, with a total value of $101,101.55. Following the transaction, the insider owned 133,656 shares of the company’s stock, valued at $22,335,254.16. This represents a 0.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,579 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total value of $1,720,261.08. Following the transaction, the insider owned 55,611 shares in the company, valued at approximately $11,151,117.72. This represents a 13.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders bought 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. 1.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Bank of America lifted their price target on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, December 24th. Sanford C. Bernstein upped their price objective on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a research report on Friday, January 9th. Barclays raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $145.00 to $200.00 in a research note on Tuesday, December 16th. Finally, Truist Financial boosted their target price on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.29.

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.