BI Asset Management Fondsmaeglerselskab A S Cuts Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,354 shares of the transportation company's stock after selling 7,940 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in C.H. Robinson Worldwide were worth $863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. National Pension Service purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $41,000. Mainstream Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at $41,000. Brooklyn Investment Group raised its holdings in shares of C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after buying an additional 316 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW traded down $0.89 during mid-day trading on Tuesday, reaching $88.19. 552,142 shares of the stock were exchanged, compared to its average volume of 1,399,807. 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, Inc. has a 1 year low of $70.16 and a 1 year high of $114.82. The company has a 50 day simple moving average of $96.23 and a 200-day simple moving average of $102.22. The stock has a market capitalization of $10.43 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its 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 34.53%. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a $0.62 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.81%. C.H. Robinson Worldwide's payout ratio is 64.42%.

Analysts Set New Price Targets

Several research firms have weighed in on CHRW. StockNews.com downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Barclays increased their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. Truist Financial started coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 price target for the company. Finally, Bank of America reduced their price objective on C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.20.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction 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 transaction, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $803,120.00. Following the transaction, the insider now owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. 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.