BI Asset Management Fondsmaeglerselskab A S Acquires 5,634 Shares of C.H. Robinson Worldwide, Inc. $CHRW

BI Asset Management Fondsmaeglerselskab A S grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 91.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,774 shares of the transportation company’s stock after purchasing an additional 5,634 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in C.H. Robinson Worldwide were worth $1,559,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CHRW. Goldman Sachs Group Inc. increased its stake in C.H. Robinson Worldwide by 3.2% in the 1st 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 shares of C.H. Robinson Worldwide in the 1st quarter valued at about $259,000. Empowered Funds LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.3% in 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 in the last quarter. Woodline Partners LP increased its position in shares of C.H. Robinson Worldwide by 41.3% in the first 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 raised its holdings in C.H. Robinson Worldwide by 9.9% during 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 in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CHRW shares. Bank of America raised their price target on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wolfe Research restated an “outperform” rating and set a $188.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Stephens set a $173.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Finally, Robert W. Baird set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Sixteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Trading Up 1.6%

Shares of NASDAQ:CHRW opened at $200.59 on Monday. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $203.34. The business has a 50 day moving average of $170.77 and a 200-day moving average of $145.67. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock has a market cap of $23.70 billion, a PE ratio of 41.53, a P/E/G ratio of 2.11 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.11. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.21 EPS. As a group, 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 firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

Insider Activity

In related news, insider Michael John Short sold 2,390 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total transaction of $386,964.90. Following the transaction, the insider directly owned 55,158 shares of the company’s stock, valued at approximately $8,930,631.78. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,849 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $194.20, for a total transaction of $553,275.80. Following the completion of the sale, the insider directly owned 28,149 shares of the company’s stock, valued at $5,466,535.80. This represents a 9.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,469 shares of company stock worth $1,155,491 over the last 90 days. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Profile

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.