Lansforsakringar Fondforvaltning AB publ Increases Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Lansforsakringar Fondforvaltning AB publ lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,669 shares of the transportation company’s stock after acquiring an additional 3,207 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in C.H. Robinson Worldwide were worth $6,588,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Apollon Wealth Management LLC boosted its holdings in C.H. Robinson Worldwide by 12.3% in the first quarter. Apollon Wealth Management LLC now owns 3,513 shares of the transportation company’s stock worth $583,000 after purchasing an additional 386 shares during the last quarter. Patton Fund Management Inc. raised its stake in C.H. Robinson Worldwide by 1,716.0% during the 1st quarter. Patton Fund Management Inc. now owns 25,515 shares of the transportation company’s stock valued at $4,237,000 after buying an additional 24,110 shares during the last quarter. OLD National Bancorp IN raised its stake in C.H. Robinson Worldwide by 27.1% during the 1st quarter. OLD National Bancorp IN now owns 2,707 shares of the transportation company’s stock valued at $450,000 after buying an additional 578 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $996,000. Finally, Ritholtz Wealth Management boosted its stake in shares of C.H. Robinson Worldwide by 60.3% in the 1st quarter. Ritholtz Wealth Management now owns 16,353 shares of the transportation company’s stock worth $2,716,000 after buying an additional 6,150 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on CHRW shares. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 price objective for the company. in a report on Monday, June 15th. TD Cowen increased their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $200.00 in a research report on Wednesday, May 20th. Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $195.35.

C.H. Robinson Worldwide Trading Down 0.7%

NASDAQ:CHRW opened at $189.85 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $96.27 and a one year high of $203.34. The business has a fifty day moving average price of $180.09 and a 200-day moving average price of $176.94. The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the business earned $1.17 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

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.