Andra AP fonden Acquires 22,020 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Andra AP fonden increased its C.H. Robinson Worldwide stake by 48.8% in the second quarter, purchasing 22,020 additional shares for a total of 67,102 shares. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $196.56, although several firms recently lowered their targets. CHRW shares opened at $149.56, versus a 12-month range of $123.64 to $210.33.
• C.H. Robinson exceeded quarterly expectations with $1.61 in EPS and $4.93 billion in revenue, up 19.3% year over year. The company also declared a quarterly dividend of $0.63 per share, representing a 1.7% annualized yield.

Andra AP fonden increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 48.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,102 shares of the transportation company's stock after buying an additional 22,020 shares during the period. Andra AP fonden owned 0.06% of C.H. Robinson Worldwide worth $12,638,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. WCM Investment Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter valued at about $579,922,000. Geode Capital Management LLC raised its stake in shares of C.H. Robinson Worldwide by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,214,855 shares of the transportation company's stock worth $514,889,000 after buying an additional 16,961 shares during the last quarter. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $236,665,000. Dimensional Fund Advisors LP lifted its holdings in C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after buying an additional 25,674 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after purchasing an additional 127,103 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stephens decreased their target price on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Robert W. Baird reduced their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 28th. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a "market perform" rating and a $235.00 price objective for the company. Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Finally, BMO Capital Markets raised their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a "market perform" rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.56.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $149.56 on Wednesday. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.29 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The firm has a fifty day simple moving average of $159.10 and a 200 day simple moving average of $171.40. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide's payout ratio is 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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.