Nordea Investment Management AB Has $12.78 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Nordea Investment Management AB raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 23.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,092 shares of the transportation company’s stock after acquiring an additional 21,701 shares during the period. Nordea Investment Management AB’s holdings in C.H. Robinson Worldwide were worth $12,778,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TAP Consulting LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $29,000. Catalyst Capital Advisors LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $46,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $48,000. UMB Bank N A MO bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $70,000. Finally, Norwood Financial Corp bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $82,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

CHRW has been the topic of several research reports. StockNews.com initiated coverage on C.H. Robinson Worldwide in a report on Thursday, March 31st. They set a “hold” rating on the stock. Wolfe Research boosted their price target on C.H. Robinson Worldwide from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, April 5th. Citigroup boosted their price target on C.H. Robinson Worldwide from $108.00 to $120.00 in a report on Thursday, April 28th. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $105.00 to $115.00 and gave the stock a “hold” rating in a report on Thursday, April 28th. Finally, Vertical Research cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a report on Wednesday, March 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $108.33.

Shares of CHRW opened at $100.29 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.67 and a 52-week high of $115.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.49 and a current ratio of 1.49. The business’s 50 day moving average price is $105.02 and its two-hundred day moving average price is $103.03. The firm has a market cap of $12.76 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The transportation company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.51. C.H. Robinson Worldwide had a return on equity of 47.22% and a net margin of 3.75%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $5.96 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 7.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 3rd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, June 2nd. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 31.07%.

In related news, insider Angela K. Freeman sold 28,054 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $110.03, for a total transaction of $3,086,781.62. Following the transaction, the insider now directly owns 54,520 shares in the company, valued at approximately $5,998,835.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 3,747 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $110.15, for a total value of $412,732.05. Following the completion of the sale, the insider now owns 20,060 shares in the company, valued at $2,209,609. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,679 shares of company stock worth $7,167,699. Insiders own 1.64% of the company’s stock.

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.

Featured Articles

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating).

Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.