Nordea Investment Management AB Cuts Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Nordea Investment Management AB has reduced its position in C.H. Robinson Worldwide by 1.0% during the second quarter, now owning 343,050 shares valued at approximately $32.8 million.
• C.H. Robinson reported a net margin of 3.14% in its latest earnings, with a year-over-year revenue decline of 7.7%, while also surpassing EPS estimates by $0.12.
• The company recently paid a quarterly dividend of $0.62, translating to an annualized dividend yield of 1.9% and a payout ratio of 56.49%.

Nordea Investment Management AB decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 343,050 shares of the transportation company's stock after selling 3,490 shares during the quarter. Nordea Investment Management AB owned 0.29% of C.H. Robinson Worldwide worth $32,792,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. Wealth Enhancement Advisory Services LLC raised its position in C.H. Robinson Worldwide by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company's stock valued at $2,573,000 after purchasing an additional 589 shares during the period. State of Alaska Department of Revenue raised its position in C.H. Robinson Worldwide by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 13,908 shares of the transportation company's stock valued at $1,424,000 after purchasing an additional 430 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $467,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,214 shares of the transportation company's stock worth $1,558,000 after acquiring an additional 360 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of C.H. Robinson Worldwide by 172.6% in the first quarter. Retirement Systems of Alabama now owns 69,761 shares of the transportation company's stock worth $7,144,000 after acquiring an additional 44,168 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $127.39 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $128.74 and a 200 day moving average price of $107.57. The company has a market cap of $15.04 billion, a P/E ratio of 29.02, a PEG ratio of 1.76 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is currently 56.49%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the transaction, the insider owned 65,728 shares in the company, valued at $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael John Short sold 6,364 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the transaction, the insider owned 60,401 shares of the company's stock, valued at $7,081,413.24. This represents a 9.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock worth $1,714,544 over the last 90 days. Corporate insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research reports. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the stock a "positive" rating in a research note on Wednesday, September 24th. TD Cowen boosted their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Baird R W upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of C.H. Robinson Worldwide from $126.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $136.05.

About C.H. Robinson Worldwide

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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.