Nordea Investment Management AB Increases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Nordea Investment Management AB boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 311,982 shares of the transportation company's stock after purchasing an additional 30,248 shares during the quarter. Nordea Investment Management AB owned about 0.26% of C.H. Robinson Worldwide worth $32,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its stake in shares of C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock valued at $1,230,000 after buying an additional 98 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company's stock valued at $110,000 after acquiring an additional 120 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in C.H. Robinson Worldwide by 2.3% during the 3rd 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 during the last quarter. Finally, Quarry LP increased its holdings in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after purchasing an additional 171 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHRW. Citigroup upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, December 13th. Evercore ISI increased their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Susquehanna upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "positive" rating and boosted their price target for the stock from $115.00 to $130.00 in a report on Friday, January 3rd. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Friday, December 13th. Finally, UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and upped their target price for the company from $100.00 to $140.00 in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $113.81.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded down $0.44 on Wednesday, reaching $103.61. The stock had a trading volume of 931,535 shares, compared to its average volume of 801,167. The business's 50 day moving average is $106.60 and its two-hundred day moving average is $101.87. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a market cap of $12.25 billion, a P/E ratio of 35.85, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio is 85.81%.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now directly owns 34,469 shares of the company's stock, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

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.