KLP Kapitalforvaltning AS Buys New Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

KLP Kapitalforvaltning AS bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 65,160 shares of the transportation company’s stock, valued at approximately $6,767,000. KLP Kapitalforvaltning AS owned 0.06% of C.H. Robinson Worldwide at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 25.9% during the 3rd quarter. Natixis Advisors LLC now owns 15,343 shares of the transportation company’s stock worth $1,693,000 after purchasing an additional 3,153 shares during the last quarter. Pathstone Holdings LLC increased its position in C.H. Robinson Worldwide by 54.1% in the 3rd quarter. Pathstone Holdings LLC now owns 23,736 shares of the transportation company’s stock worth $2,622,000 after buying an additional 8,334 shares during the period. Cerity Partners LLC lifted its holdings in shares of C.H. Robinson Worldwide by 39.8% during the third quarter. Cerity Partners LLC now owns 22,854 shares of the transportation company’s stock worth $2,522,000 after buying an additional 6,507 shares during the last quarter. Swedbank AB boosted its position in shares of C.H. Robinson Worldwide by 9.6% in the third quarter. Swedbank AB now owns 15,134 shares of the transportation company’s stock valued at $1,670,000 after acquiring an additional 1,327 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 12.5% in the third quarter. Daiwa Securities Group Inc. now owns 14,414 shares of the transportation company’s stock worth $1,591,000 after acquiring an additional 1,602 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.5 %

NASDAQ CHRW opened at $100.00 on Wednesday. The stock’s 50 day simple moving average is $100.67 and its 200 day simple moving average is $104.41. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The firm has a market cap of $11.87 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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 return on equity of 34.53% and a net margin of 2.63%. As a group, sell-side analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is presently 64.42%.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research analyst reports. Bank of America cut their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. 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. Susquehanna lowered their price target on 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. TD Cowen raised their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.65.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,048 shares of company stock valued at $1,513,656. 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.