Lansforsakringar Fondforvaltning AB publ Makes New $3.88 Million Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 37,581 shares of the transportation company's stock, valued at approximately $3,883,000.

Several other large investors have also recently made changes to their positions in the company. Menard Financial Group LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $91,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $6,747,000. Azzad Asset Management Inc. ADV grew its holdings in C.H. Robinson Worldwide by 1.9% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 26,403 shares of the transportation company's stock valued at $2,728,000 after buying an additional 491 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $83,000. Finally, XY Planning Network Inc. purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $351,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 0.2%

Shares of CHRW traded down $0.23 during mid-day trading on Friday, reaching $95.87. The company's stock had a trading volume of 2,199,687 shares, compared to its average volume of 1,364,637. C.H. Robinson Worldwide, Inc. has a 12-month low of $82.16 and a 12-month high of $114.82. The stock has a market cap of $11.38 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. 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 $93.73 and its 200 day moving average is $100.06.

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 Dividend Announcement

The business also recently declared 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. This represents a $2.48 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, June 6th. 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 business'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 transaction, the insider now owns 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

CHRW has been the subject of several analyst reports. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price for the company in a report on Friday, January 31st. Citigroup dropped their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Evercore ISI dropped their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Barclays lowered their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $114.29.

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.