C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 40.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,200 shares of the transportation company’s stock after purchasing an additional 10,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in C.H. Robinson Worldwide were worth $3,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in shares of C.H. Robinson Worldwide by 502.6% in the third quarter. Blue Trust Inc. now owns 928 shares of the transportation company’s stock worth $102,000 after buying an additional 774 shares during the period. Allspring Global Investments Holdings LLC raised its stake in C.H. Robinson Worldwide by 451.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 38,047 shares of the transportation company’s stock valued at $4,199,000 after buying an additional 31,150 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $241,000. International Assets Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $42,400,000. Finally, IFM Investors Pty Ltd raised its position in shares of C.H. Robinson Worldwide by 1.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 20,647 shares of the transportation company’s stock worth $2,279,000 after purchasing an additional 236 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CHRW shares. Bank of America decreased their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Benchmark reissued a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Friday, January 31st. Barclays raised their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Finally, Citigroup decreased their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $117.17.

C.H. Robinson Worldwide Trading Up 0.5 %

C.H. Robinson Worldwide stock opened at $100.88 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The business’s 50-day simple moving average is $102.86 and its 200-day simple moving average is $104.67. The firm has a market capitalization of $11.98 billion, a PE ratio of 26.20, a PEG ratio of 1.16 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio is 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.