C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 29.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,800 shares of the transportation company's stock after selling 10,400 shares during the period. Handelsbanken Fonder AB's holdings in C.H. Robinson Worldwide were worth $2,540,000 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 the stock. Vanguard Group Inc. increased its position in shares of C.H. Robinson Worldwide by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock worth $1,501,774,000 after purchasing an additional 251,943 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock valued at $428,554,000 after buying an additional 191,611 shares during the period. Geode Capital Management LLC raised its holdings in C.H. Robinson Worldwide by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock valued at $326,549,000 after buying an additional 64,019 shares during the period. Wellington Management Group LLP raised its holdings in C.H. Robinson Worldwide by 25.7% in the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the period. Finally, FMR LLC raised its holdings in C.H. Robinson Worldwide by 11.1% in the 4th quarter. FMR LLC now owns 2,842,962 shares of the transportation company's stock valued at $293,735,000 after buying an additional 285,171 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CHRW. Citigroup reduced their price objective on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a "buy" rating and a $129.00 price objective on the stock. Raymond James cut their price objective on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, UBS Group cut their price objective on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

C.H. Robinson Worldwide Stock Down 1.5%

Shares of CHRW traded down $1.46 during mid-day trading on Friday, reaching $93.54. The company's stock had a trading volume of 981,522 shares, compared to its average volume of 1,334,663. C.H. Robinson Worldwide, Inc. has a 12-month low of $83.23 and a 12-month high of $114.82. The stock has a market cap of $11.11 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 1.16 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The company's 50 day moving average is $93.34 and its 200 day moving average is $99.07.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business's revenue for the quarter was down 8.3% on a year-over-year basis. Equities 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.65%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider now directly owns 71,441 shares of the company's stock, valued at $6,959,782.22. This represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.