Nordea Investment Management AB Reduces Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Nordea Investment Management AB reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 288,144 shares of the transportation company's stock after selling 20,930 shares during the period. Nordea Investment Management AB owned approximately 0.25% of C.H. Robinson Worldwide worth $24,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp raised its holdings in C.H. Robinson Worldwide by 4.3% in the 1st quarter. State Street Corp now owns 8,916,720 shares of the transportation company's stock valued at $891,417,000 after buying an additional 365,084 shares during the period. Geode Capital Management LLC increased its stake in C.H. Robinson Worldwide by 2.0% during the second quarter. Geode Capital Management LLC now owns 2,707,042 shares of the transportation company's stock worth $254,796,000 after purchasing an additional 53,259 shares during the period. Invesco Ltd. increased its stake in C.H. Robinson Worldwide by 15.0% during the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company's stock worth $184,985,000 after purchasing an additional 280,177 shares during the period. Morgan Stanley increased its stake in C.H. Robinson Worldwide by 3.2% during the third quarter. Morgan Stanley now owns 1,712,036 shares of the transportation company's stock worth $147,458,000 after purchasing an additional 52,567 shares during the period. Finally, Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 20.0% during the third quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company's stock worth $145,333,000 after purchasing an additional 280,938 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the topic of a number of recent research reports. BMO Capital Markets cut their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a "market perform" rating on the stock in a research note on Thursday, February 1st. Wells Fargo & Company lowered their price objective on C.H. Robinson Worldwide from $80.00 to $70.00 and set an "underweight" rating for the company in a research report on Thursday, February 1st. JPMorgan Chase & Co. lowered their price objective on C.H. Robinson Worldwide from $78.00 to $75.00 and set an "underweight" rating for the company in a research report on Thursday, February 1st. Susquehanna raised C.H. Robinson Worldwide from a "negative" rating to a "neutral" rating and boosted their price objective for the stock from $72.00 to $80.00 in a research report on Wednesday, January 10th. Finally, StockNews.com downgraded C.H. Robinson Worldwide from a "hold" rating to a "sell" rating in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $85.00.

C.H. Robinson Worldwide Stock Up 0.5 %

CHRW traded up $0.40 on Thursday, reaching $74.35. The company's stock had a trading volume of 1,352,009 shares, compared to its average volume of 1,707,240. The stock has a 50 day moving average of $77.13 and a two-hundred day moving average of $82.20. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 3.67 and a beta of 0.72. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $69.11 and a fifty-two week high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.30). The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.36 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, February 29th. C.H. Robinson Worldwide's payout ratio is currently 90.04%.

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.