Fjarde AP Fonden Fourth Swedish National Pension Fund Makes New $7.27 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 1st quarter, Holdings Channel reports. The firm bought 43,800 shares of the transportation company’s stock, valued at approximately $7,274,000.

Other large investors have also bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $27,000. DV Equities LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $30,000. Finally, Bayban acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $32,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHRW has been the topic of several research reports. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price target on the stock. in a research note on Monday, June 15th. Bank of America reduced their target price on C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Raymond James Financial lowered their price objective on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research report on Thursday. Barclays boosted their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Sixteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.35.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $189.85 on Monday. The stock has a market cap of $22.38 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 1 year low of $96.27 and a 1 year high of $203.34. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The stock has a 50 day simple moving average of $180.24 and a 200 day simple moving average of $177.17.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating 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 business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were paid a $0.63 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.01%.

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.