157,136 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Nykredit A S

Key Points

• Nykredit A S purchased 157,136 shares of C.H. Robinson Worldwide in the second quarter, worth approximately $28.7 million, while institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $196.56, despite some recent target reductions.
• C.H. Robinson exceeded quarterly earnings and revenue estimates, reporting $1.61 in EPS and $4.93 billion in revenue. The company also declared a quarterly dividend of $0.63 per share, representing a 1.6% yield.

Nykredit A S purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 157,136 shares of the transportation company's stock, valued at approximately $28,690,000. Nykredit A S owned 0.13% of C.H. Robinson Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in shares of C.H. Robinson Worldwide by 3,958.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 14,570 shares of the transportation company's stock valued at $2,639,000 after acquiring an additional 14,211 shares during the last quarter. MLG Wealth Management DBA Pine Grove Financial Group purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at about $296,000. Second Line Capital LLC acquired a new position in shares of C.H. Robinson Worldwide in the second quarter worth about $260,000. Range Advisory LLC increased its position in shares of C.H. Robinson Worldwide by 54.4% in the second quarter. Range Advisory LLC now owns 4,892 shares of the transportation company's stock worth $885,000 after acquiring an additional 1,723 shares in the last quarter. Finally, Brown Lisle Cummings Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $170,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of a number of research reports. Sanford C. Bernstein reduced their price objective on C.H. Robinson Worldwide from $153.00 to $151.00 and set a "market perform" rating for the company in a research report on Tuesday, August 11th. Weiss Ratings downgraded C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Raymond James Financial set a $192.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Finally, UBS Group raised their price target on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a "buy" rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus price target of $196.56.

C.H. Robinson Worldwide Trading Down 0.5%

CHRW stock opened at $152.99 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $123.64 and a 1-year high of $210.33. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The business's 50 day moving average is $160.98 and its 200-day moving average is $172.07. The firm has a market cap of $17.88 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.30 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. C.H. Robinson Worldwide's quarterly revenue was up 19.3% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 48.09%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across road, rail, ocean and air networks.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air forwarding, customs and trade compliance, transportation management, warehousing and supply-chain consulting.

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