Andra AP fonden Buys 23,541 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Andra AP fonden boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 109.3% in the first quarter, HoldingsChannel reports. The firm owned 45,082 shares of the transportation company’s stock after buying an additional 23,541 shares during the period. Andra AP fonden’s holdings in C.H. Robinson Worldwide were worth $7,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meeder Advisory Services Inc. acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $205,000. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $579,922,000. Dimensional Fund Advisors LP grew its stake in shares of C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after buying an additional 25,674 shares during the period. KBC Group NV grew its stake in shares of C.H. Robinson Worldwide by 5.0% in the 1st quarter. KBC Group NV now owns 225,580 shares of the transportation company’s stock valued at $37,462,000 after buying an additional 10,839 shares during the period. Finally, SEB Asset Management AB bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $7,470,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research reports. Truist Financial upped their price target on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Wall Street Zen cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday. UBS Group upped their target price on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Raymond James Financial cut their target price on C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a report on Thursday, July 2nd. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.46.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $207.35 on Thursday. The company has a market cap of $24.44 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 1.80 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 52 week low of $96.89 and a 52 week high of $210.33. The business has a 50 day moving average price of $186.16 and a 200-day moving average price of $180.44. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 EPS. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders 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 yield of 1.2%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

C.H. Robinson Worldwide Company 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.