Nykredit A S Acquires Shares of 41,442 C.H. Robinson Worldwide, Inc. $CHRW

Nykredit A S bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,442 shares of the transportation company’s stock, valued at approximately $7,805,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares during the period. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $579,922,000. Auto Owners Insurance Co raised its position in shares of C.H. Robinson Worldwide by 15,976.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after purchasing an additional 1,501,744 shares during the period. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $236,665,000. Finally, Capital World Investors purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $165,976,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.7%

Shares of NASDAQ CHRW opened at $147.64 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average of $168.41 and a 200-day moving average of $174.07. The firm has a market capitalization of $17.25 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.25 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm posted $1.29 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% on a year-over-year basis. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

Analyst Ratings Changes

Several research analysts recently commented on CHRW shares. Sanford C. Bernstein cut their price objective on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a “market perform” rating for the company in a report on Tuesday, August 11th. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.00.

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.