C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,938 shares of the transportation company’s stock after selling 286 shares during the quarter. Tredje AP fonden’s holdings in C.H. Robinson Worldwide were worth $1,669,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC increased its holdings in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the period. UMB Bank n.a. increased its stake in C.H. Robinson Worldwide by 147.0% during the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after acquiring an additional 294 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 336.0% in the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after purchasing an additional 420 shares during the period. Finally, Sentry Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.5 %

CHRW opened at $104.20 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $105.41. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $12.20 billion, a PE ratio of 41.19, a P/E/G ratio of 2.02 and a beta of 0.82. The firm’s fifty day moving average price is $97.45 and its 200 day moving average price is $85.63.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a dividend of $0.62 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 98.02%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of research analyst reports. Barclays increased their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their target price for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. Benchmark raised their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $93.67.

C.H. Robinson Worldwide Profile

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.