Swedbank AB Lowers Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Swedbank AB cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,023 shares of the transportation company’s stock after selling 1,111 shares during the quarter. Swedbank AB’s holdings in C.H. Robinson Worldwide were worth $1,449,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHRW. QRG Capital Management Inc. raised 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 during the period. Cascade Investment Advisors Inc. increased its holdings in C.H. Robinson Worldwide by 0.7% in the 4th 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 during the last quarter. Venturi Wealth Management LLC raised its stake in 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 valued at $27,000 after acquiring an additional 111 shares during the period. SkyView Investment Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 2.3% during 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 during the last quarter. Finally, Diversified Trust Co boosted its position in C.H. Robinson Worldwide by 5.0% during the fourth quarter. Diversified Trust Co now owns 3,414 shares of the transportation company’s stock worth $353,000 after purchasing an additional 164 shares during the period. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Bank of America lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $118.00 to $130.00 in a report on Monday, December 9th. Finally, Robert W. Baird lifted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $117.33.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $99.49 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market cap of $11.76 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. The firm’s 50-day simple moving average is $105.52 and its two-hundred day simple moving average is $104.03. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.64% and a net margin of 2.63%. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

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.