Andra AP fonden Acquires 93,700 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Andra AP fonden grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 46,850.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,900 shares of the transportation company's stock after purchasing an additional 93,700 shares during the period. Andra AP fonden owned approximately 0.08% of C.H. Robinson Worldwide worth $9,702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. QRG Capital Management Inc. lifted its position in C.H. Robinson Worldwide by 0.9% in the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock worth $1,230,000 after buying an additional 98 shares in the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of C.H. Robinson Worldwide by 0.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock worth $1,652,000 after acquiring an additional 105 shares in the last quarter. Venturi Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in C.H. Robinson Worldwide by 3.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock valued at $400,000 after purchasing an additional 131 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

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Wall Street Analysts Forecast Growth

CHRW has been the subject of several research reports. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target for the company in a report on Friday, January 31st. Stephens reiterated an "equal weight" rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Benchmark reissued a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating on the stock in a research note on Thursday, January 30th. Finally, Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $117.79.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded down $1.87 during trading hours on Wednesday, reaching $96.18. 1,325,593 shares of the company traded hands, compared to its average volume of 1,231,352. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock's fifty day moving average is $101.52 and its 200 day moving average is $104.69. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The stock has a market cap of $11.42 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.58%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 64.42%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company's stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock valued at $1,513,656 over the last quarter. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide 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.