Andra AP fonden Sells 191,400 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Andra AP fonden decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 61.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,900 shares of the transportation company’s stock after selling 191,400 shares during the quarter. Andra AP fonden owned 0.10% of C.H. Robinson Worldwide worth $16,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CHRW. Goldman Sachs Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after buying an additional 24,788 shares during the last quarter. United Services Automobile Association bought a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $259,000. Empowered Funds LLC lifted its stake in C.H. Robinson Worldwide by 2.3% during the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after acquiring an additional 350 shares during the period. Woodline Partners LP boosted its holdings in shares of C.H. Robinson Worldwide by 41.3% during the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after acquiring an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in shares of C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after acquiring an additional 359 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $185.25 on Friday. The company has a 50 day simple moving average of $178.11 and a two-hundred day simple moving average of $152.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $21.97 billion, a P/E ratio of 38.35, a PEG ratio of 1.94 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. Equities analysts forecast 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,368 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the sale, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David P. Bozeman bought 1,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the purchase, the chief executive officer directly owned 190,600 shares in the company, valued at $31,132,604. This trade represents a 0.65% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 1.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CHRW shares. Wolfe Research restated an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. Susquehanna increased their price target on C.H. Robinson Worldwide from $210.00 to $220.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Benchmark raised their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Wells Fargo & Company upped their price objective on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Finally, Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a report on Monday, February 2nd. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.29.

About C.H. Robinson Worldwide

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.