Skandinaviska Enskilda Banken AB publ Reduces Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Skandinaviska Enskilda Banken AB publ lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 26,986 shares of the transportation company’s stock after selling 300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in C.H. Robinson Worldwide were worth $2,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of CHRW. Van ECK Associates Corp grew its position in C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the last quarter. FMR LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after acquiring an additional 2,449,367 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $102,174,000. Jupiter Asset Management Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 737.0% in the 4th quarter. Jupiter Asset Management Ltd. now owns 400,418 shares of the transportation company’s stock valued at $41,371,000 after acquiring an additional 352,578 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 137.8% in the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock valued at $47,573,000 after acquiring an additional 249,774 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several recent research reports. TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a “buy” rating and a $129.00 target price for the company. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Robert W. Baird boosted their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.65.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm’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 transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Up 2.1 %

Shares of NASDAQ:CHRW opened at $98.38 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm’s 50 day moving average price is $101.13 and its 200 day moving average price is $104.55. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.52%. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

About C.H. Robinson Worldwide

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.