C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Swedbank AB

Swedbank AB raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 209.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,362 shares of the transportation company’s stock after acquiring an additional 29,332 shares during the period. Swedbank AB’s holdings in C.H. Robinson Worldwide were worth $6,971,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Horizon Investments LLC boosted its position in C.H. Robinson Worldwide by 3.1% in the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock valued at $313,000 after buying an additional 58 shares during the period. Signaturefd LLC boosted its position in C.H. Robinson Worldwide by 3.6% in the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock valued at $273,000 after buying an additional 59 shares during the period. Brendel Financial Advisors LLC boosted its position in C.H. Robinson Worldwide by 2.2% in the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after buying an additional 61 shares during the period. Jones Financial Companies Lllp boosted its position in C.H. Robinson Worldwide by 2.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after buying an additional 69 shares during the period. Finally, Private Trust Co. NA boosted its position in C.H. Robinson Worldwide by 7.1% in the 4th quarter. Private Trust Co. NA now owns 1,099 shares of the transportation company’s stock valued at $177,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $177.91 on Wednesday. C.H. Robinson Worldwide, Inc. has a twelve month low of $92.36 and a twelve month high of $203.34. The firm’s fifty day simple moving average is $172.44 and its 200-day simple moving average is $171.30. The firm has a market capitalization of $20.97 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.50 and a beta of 0.94. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business earned $1.17 EPS. The company’s revenue was down .9% on a year-over-year basis. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Analyst Ratings Changes

Several equities analysts have commented on CHRW shares. Benchmark raised their price target on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Susquehanna decreased their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $192.61.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.