Tredje AP fonden Sells 9,469 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Tredje AP fonden lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,469 shares of the transportation company's stock after selling 9,469 shares during the quarter. Tredje AP fonden's holdings in C.H. Robinson Worldwide were worth $978,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in C.H. Robinson Worldwide by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock valued at $428,554,000 after purchasing an additional 191,611 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company's stock worth $341,555,000 after acquiring an additional 42,189 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock worth $310,742,000 after acquiring an additional 3,004,338 shares in the last quarter. FMR LLC grew its position in C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after acquiring an additional 2,449,367 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock valued at $155,830,000 after purchasing an additional 36,769 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

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Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,048 shares of company stock worth $1,513,656 over the last ninety days. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.7 %

NASDAQ:CHRW traded down $0.75 on Wednesday, reaching $99.31. The company's stock had a trading volume of 1,130,602 shares, compared to its average volume of 1,328,702. The firm has a market cap of $11.79 billion, a PE ratio of 25.79, a PEG ratio of 1.16 and a beta of 0.83. 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 business's 50-day moving average price is $101.00 and its two-hundred day moving average price is $104.52. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid 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 2.50%. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CHRW shares. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a "buy" rating and a $115.00 price objective on the stock. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $118.00 to $130.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a report on Friday, December 13th. Finally, Stephens reissued 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $117.65.

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.