Swedbank AB Sells 1,111 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Swedbank AB reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Inspire Investing LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $810,000. D.A. Davidson & CO. increased its stake in C.H. Robinson Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after acquiring an additional 443 shares during the period. Chesapeake Capital Corp IL acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $835,000. Northstar Advisory Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $587,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after purchasing an additional 36,769 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred 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 approximately $3,578,226.89. The trade was a 5.57 % 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 business has a 50-day moving average of $105.52 and a 200-day moving average of $104.03. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping 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 35.64%. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on CHRW. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Susquehanna reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday. Citigroup upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 13th. Benchmark reiterated a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday. Finally, Raymond James dropped their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.33.

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.