Andra AP fonden Boosts Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Andra AP fonden increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 46,850.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,900 shares of the transportation company’s stock after acquiring an additional 93,700 shares during the quarter. Andra AP fonden owned about 0.08% of C.H. Robinson Worldwide worth $9,702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Edgestream Partners L.P. purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $3,598,000. Ashton Thomas Private Wealth LLC boosted its position in shares of C.H. Robinson Worldwide by 0.4% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 252,667 shares of the transportation company’s stock valued at $26,262,000 after purchasing an additional 1,071 shares during the period. Beacon Harbor Wealth Advisors Inc. purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $5,923,000. Raymond James Financial Inc. acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth approximately $102,174,000. Finally, Arizona State Retirement System lifted its stake in C.H. Robinson Worldwide by 1.5% in the fourth quarter. Arizona State Retirement System now owns 34,042 shares of the transportation company’s stock valued at $3,517,000 after buying an additional 494 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. StockNews.com lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday. Stephens reiterated an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. TD Cowen boosted their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. decreased their price objective on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.79.

C.H. Robinson Worldwide Stock Up 4.4 %

Shares of NASDAQ CHRW opened at $102.45 on Friday. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The firm has a 50-day moving average price of $101.67 and a 200 day moving average price of $104.68. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,048 shares of company stock valued at $1,513,656. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Company 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.