DNB Asset Management AS Increases Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

DNB Asset Management AS lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) by 2.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,132 shares of the transportation company’s stock after buying an additional 916 shares during the quarter. DNB Asset Management AS’s holdings in C.H. Robinson Worldwide were worth $4,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CHRW. TAP Consulting LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $29,000. Catalyst Capital Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $46,000. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $48,000. UMB Bank N A MO purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $70,000. Finally, Norwood Financial Corp purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth approximately $82,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. Susquehanna Bancshares increased their price target on shares of C.H. Robinson Worldwide from $95.00 to $107.00 in a research note on Thursday, April 28th. JPMorgan Chase & Co. increased their price target on shares of C.H. Robinson Worldwide from $117.00 to $120.00 in a research note on Thursday, April 28th. Stephens increased their price target on shares of C.H. Robinson Worldwide from $110.00 to $115.00 in a research note on Friday, April 1st. Robert W. Baird increased their price objective on shares of C.H. Robinson Worldwide from $105.00 to $115.00 and gave the stock a “hold” rating in a research report on Thursday, April 28th. Finally, Cowen increased their price objective on shares of C.H. Robinson Worldwide from $109.00 to $123.00 and gave the stock an “outperform” rating in a research report on Thursday, April 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $108.33.

In other news, CFO Michael Paul Zechmeister sold 2,819 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $114.25, for a total value of $322,070.75. Following the transaction, the chief financial officer now directly owns 48,207 shares in the company, valued at approximately $5,507,649.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert C. Biesterfeld, Jr. sold 4,286 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $109.00, for a total transaction of $467,174.00. Following the completion of the transaction, the chief executive officer now owns 181,610 shares in the company, valued at $19,795,490. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,679 shares of company stock worth $7,167,699. Insiders own 1.64% of the company’s stock.

Shares of CHRW stock opened at $99.90 on Thursday. The firm has a market cap of $12.71 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.51 and a beta of 0.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.67 and a 1-year high of $115.99. The firm has a fifty day moving average of $105.08 and a two-hundred day moving average of $103.01.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The transportation company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.51. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $5.96 billion. C.H. Robinson Worldwide had a net margin of 3.75% and a return on equity of 47.22%. During the same period last year, the business earned $1.28 EPS. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 7.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 3rd will be given a $0.55 dividend. The ex-dividend date is Thursday, June 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.20%. C.H. Robinson Worldwide’s payout ratio is currently 31.07%.

About C.H. Robinson Worldwide (Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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