Tredje AP fonden Trims Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Tredje AP fonden decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,469 shares of the transportation company’s stock after selling 9,469 shares during the quarter. Tredje AP fonden’s holdings in C.H. Robinson Worldwide were worth $978,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Inspire Investing LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $810,000. D.A. Davidson & CO. grew its holdings in C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares during the period. Chesapeake Capital Corp IL purchased a new stake in C.H. Robinson Worldwide in the third quarter worth about $835,000. Northstar Advisory Group LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $587,000. Finally, JPMorgan Chase & Co. lifted its position 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 valued at $155,830,000 after buying an additional 36,769 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CHRW shares. Raymond James decreased their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a report on Thursday. They issued a “buy” rating and a $115.00 target price for the company. Susquehanna decreased their price target on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Friday, January 31st. Finally, StockNews.com downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $117.65.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $98.38 on Friday. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock has a 50 day moving average price of $101.13 and a 200-day moving average price of $104.55. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data 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 net margin of 2.63% and a return on equity of 34.53%. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,048 shares of company stock valued at $1,513,656. 1.47% of the stock is currently owned by company insiders.

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.