KLP Kapitalforvaltning AS Has $3.65 Million Holdings in C.H. Robinson Worldwide, Inc. $CHRW

KLP Kapitalforvaltning AS increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,860 shares of the transportation company’s stock after acquiring an additional 2,300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in C.H. Robinson Worldwide were worth $3,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CHRW. NBC Securities Inc. acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $27,000. Assenagon Asset Management S.A. raised its holdings in C.H. Robinson Worldwide by 4.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company’s stock worth $877,000 after buying an additional 340 shares during the period. CX Institutional acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $92,000. Fifth Third Bancorp raised its holdings in C.H. Robinson Worldwide by 5.0% during the 1st quarter. Fifth Third Bancorp now owns 6,868 shares of the transportation company’s stock worth $703,000 after buying an additional 324 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $206,000. Institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the sale, the insider owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider directly owned 130,591 shares of the company’s stock, valued at $15,898,148.34. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,577 shares of company stock valued at $1,714,544. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Trading Down 2.8%

Shares of C.H. Robinson Worldwide stock opened at $125.31 on Friday. The business has a fifty day simple moving average of $127.74 and a two-hundred day simple moving average of $106.72. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $138.00. The company has a market capitalization of $14.80 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 1.73 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the firm posted $1.15 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 56.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Evercore ISI raised their price target on shares of C.H. Robinson Worldwide from $116.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Bank of America raised their price target on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Finally, Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $127.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold 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 an average price target of $132.14.

C.H. Robinson Worldwide Company Profile

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.