BI Asset Management Fondsmaeglerselskab A S Acquires 1,747 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 58.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,735 shares of the transportation company’s stock after purchasing an additional 1,747 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in C.H. Robinson Worldwide were worth $409,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CHRW. Montag A & Associates Inc. purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $30,000. Larson Financial Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $31,000. Pacific Center for Financial Services bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $34,000. Quadrant Capital Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 13.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,504 shares of the transportation company’s stock worth $130,000 after buying an additional 184 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $140,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Susquehanna raised their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Raymond James assumed coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, May 15th. They set a “market perform” rating for the company. JPMorgan Chase & Co. upped their price target on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. Bank of America cut their price target on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Finally, StockNews.com raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $82.60.

Check Out Our Latest Stock Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $86.72 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $100.88. The company has a market cap of $10.15 billion, a PE ratio of 34.28, a P/E/G ratio of 2.50 and a beta of 0.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The company has a fifty day moving average price of $75.71 and a two-hundred day moving average price of $79.18.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the business earned $0.98 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down 4.3% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.59 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.44 annualized dividend and a dividend yield of 2.81%. C.H. Robinson Worldwide’s payout ratio is 96.44%.

About C.H. Robinson Worldwide

(Free Report)

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.

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

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