Handelsbanken Fonder AB Sells 10,400 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Handelsbanken Fonder AB lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 29.5% in 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 reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $211,000. Empowered Funds LLC raised its position in shares of C.H. Robinson Worldwide by 59.8% during the 4th quarter. Empowered Funds LLC now owns 15,166 shares of the transportation company's stock worth $1,567,000 after purchasing an additional 5,673 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $1,075,000. Commonwealth Equity Services LLC increased its position in C.H. Robinson Worldwide by 6.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,755 shares of the transportation company's stock valued at $1,731,000 after acquiring an additional 1,047 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in C.H. Robinson Worldwide by 355.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 173,474 shares of the transportation company's stock valued at $17,830,000 after acquiring an additional 135,427 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Down 0.3%

NASDAQ CHRW traded down $0.27 during trading on Tuesday, hitting $93.59. 1,050,298 shares of the company traded hands, compared to its average volume of 1,333,156. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $93.51 and a 200 day simple moving average of $98.91. The company has a market capitalization of $11.11 billion, a P/E ratio of 22.39, a PEG ratio of 1.54 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.24 and a 12 month high of $114.82.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The company's quarterly revenue was down 8.3% on a year-over-year basis. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide's payout ratio is currently 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider now directly owns 71,441 shares in the company, valued at $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.91% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on CHRW. UBS Group lowered their target price on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Raymond James Financial lowered their price target on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft started coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a "buy" rating and a $129.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Bank of America raised their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.29.

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.