Forsta AP Fonden Sells 1,800 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Forsta AP Fonden reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.2% in the 2nd quarter, Holdings Channel reports. The firm owned 81,600 shares of the transportation company’s stock after selling 1,800 shares during the quarter. Forsta AP Fonden’s holdings in C.H. Robinson Worldwide were worth $7,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $32,000. FNY Investment Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter worth approximately $38,000. Cullen Frost Bankers Inc. boosted its holdings in C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 299 shares during the last quarter. National Pension Service boosted its holdings in C.H. Robinson Worldwide by 74.4% in the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 183 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in C.H. Robinson Worldwide during the 1st quarter valued at approximately $51,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $151.66 on Friday. The firm has a market capitalization of $17.92 billion, a P/E ratio of 30.76, a P/E/G ratio of 1.79 and a beta of 0.88. The firm’s 50-day moving average price is $135.23 and its 200-day moving average price is $114.31. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the company posted $1.28 EPS. The firm’s revenue was down 10.9% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.63 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CHRW shares. Sanford C. Bernstein restated a “market perform” rating and issued a $135.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Cowen restated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. UBS Group upped their price target on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $115.00 to $138.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the transaction, the insider directly owned 34,046 shares in the company, valued at $5,164,778.20. This trade represents a 57.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their position. The SEC filing for this sale provides additional information. 1.47% of the stock is owned by corporate 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.