Forsta AP Fonden Raises Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Forsta AP Fonden boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 113.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,500 shares of the transportation company's stock after acquiring an additional 43,800 shares during the period. Forsta AP Fonden owned 0.07% of C.H. Robinson Worldwide worth $9,106,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quent Capital LLC raised its holdings in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock worth $26,000 after acquiring an additional 146 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock worth $26,000 after purchasing an additional 185 shares during the period. Sentry Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at about $49,000. Eastern Bank purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $55,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Up 0.8 %

NASDAQ CHRW traded up $0.82 during trading hours on Monday, hitting $108.94. 1,123,492 shares of the company were exchanged, compared to its average volume of 1,529,022. The company has a 50 day moving average of $105.33 and a two-hundred day moving average of $92.46. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 43.06, a PEG ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.53 billion. During the same quarter last year, the company earned $0.90 earnings per share. The firm's revenue was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $0.62 per share. This is a boost from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide's payout ratio is 98.02%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CHRW shares. Wells Fargo & Company upped their price objective on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, August 1st. Robert W. Baird raised their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Bank of America raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and upped their target price for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. The Goldman Sachs Group lifted their price target on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Finally, TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and a consensus price target of $100.29.

About C.H. Robinson Worldwide

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.