Nykredit A S Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Nykredit A/S acquired 41,442 shares of C.H. Robinson Worldwide during the second quarter, valued at approximately $7.8 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson exceeded quarterly expectations, reporting $1.61 in adjusted earnings per share on $4.93 billion in revenue, with revenue increasing 19.3% year over year.
• The company declared a quarterly dividend of $0.63 per share, or $2.52 annualized, representing a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $197, above the reported $147.64 share price.

Nykredit A S acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,442 shares of the transportation company's stock, valued at approximately $7,805,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $25,000. Millstone Evans Group LLC increased its holdings in shares of C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. DV Equities LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $27,000. Cornerstone Planning Group LLC raised its position in shares of C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after purchasing an additional 67 shares during the period. Finally, Bayban bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth $32,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $147.64 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $17.25 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.25 and a beta of 0.94. The stock has a 50 day moving average of $168.41 and a 200 day moving average of $174.07. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business's revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. C.H. Robinson Worldwide's payout ratio is 48.09%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHRW. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price target for the company. Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. Janney Montgomery Scott set a $155.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Evercore restated an "outperform" rating and issued a $237.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Finally, Robert W. Baird dropped their price target on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.00.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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