AMF Tjanstepension AB Acquires New Position in C.H. Robinson Worldwide, Inc. $CHRW

AMF Tjanstepension AB acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 6,772 shares of the transportation company’s stock, valued at approximately $1,125,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $25,000. Millstone Evans Group LLC grew its position in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after buying an additional 71 shares during the period. DV Equities LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth about $27,000. Bayban purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $32,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $27,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $193.50 on Monday. C.H. Robinson Worldwide, Inc. has a 1-year low of $96.27 and a 1-year high of $203.34. The firm has a 50 day simple moving average of $180.76 and a 200-day simple moving average of $178.16. The firm has a market cap of $22.81 billion, a PE ratio of 39.17, a P/E/G ratio of 1.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors 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 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of research reports. Citigroup upped their price target on C.H. Robinson Worldwide from $199.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company boosted their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Barclays upped their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird set a $230.00 price target on C.H. Robinson Worldwide in a research report on Friday, May 1st. Finally, Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $195.57.

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.