BI Asset Management Fondsmaeglerselskab A S Decreases Stake in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in C.H. Robinson Worldwide by 32.4%, selling 2,706 shares, and now holds 5,648 shares valued at $578,000.
• C.H. Robinson reported $1.29 earnings per share, exceeding estimates, but experienced a 7.7% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.62 per share, effective October 2nd, representing an annual yield of 2.0%.

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 32.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,648 shares of the transportation company's stock after selling 2,706 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in C.H. Robinson Worldwide were worth $578,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CHRW. NewEdge Advisors LLC increased its holdings in shares of C.H. Robinson Worldwide by 827.3% during the fourth quarter. NewEdge Advisors LLC now owns 5,258 shares of the transportation company's stock valued at $543,000 after acquiring an additional 4,691 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of C.H. Robinson Worldwide by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 903,406 shares of the transportation company's stock valued at $93,343,000 after acquiring an additional 4,058 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 2.5% during the fourth quarter. MetLife Investment Management LLC now owns 31,247 shares of the transportation company's stock valued at $3,228,000 after acquiring an additional 774 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in shares of C.H. Robinson Worldwide by 34.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 47,891 shares of the transportation company's stock valued at $4,948,000 after acquiring an additional 12,334 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of C.H. Robinson Worldwide by 1.0% during the fourth quarter. Stifel Financial Corp now owns 42,058 shares of the transportation company's stock valued at $4,346,000 after acquiring an additional 405 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded down $0.24 during midday trading on Friday, reaching $129.05. 405,137 shares of the stock were exchanged, compared to its average volume of 1,342,617. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $131.17. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.01 and a beta of 0.86. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a 50-day simple moving average of $107.51 and a two-hundred day simple moving average of $99.81.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the firm posted $1.15 EPS. The business's revenue was down 7.7% on a year-over-year basis. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 56.49%.

Wall Street Analyst Weigh In

CHRW has been the subject of several research reports. Citigroup lifted their price objective on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. UBS Group reaffirmed a "buy" rating and issued a $133.00 price target (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Wells Fargo & Company upped their price target on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $117.24.

Insider Activity

In other news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the transaction, the insider owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider owned 60,401 shares in the company, valued at $7,081,413.24. This trade represents a 9.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock worth $1,714,544 in the last quarter. Corporate insiders own 1.47% of the company's stock.

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.