Andra AP fonden Raises Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Andra AP fonden lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 46,850.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 93,900 shares of the transportation company’s stock after buying an additional 93,700 shares during the quarter. Andra AP fonden’s holdings in C.H. Robinson Worldwide were worth $9,702,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Inspire Investing LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $810,000. D.A. Davidson & CO. increased its stake in C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares during the last quarter. Chesapeake Capital Corp IL purchased a new position in C.H. Robinson Worldwide during the third quarter worth about $835,000. Northstar Advisory Group LLC acquired a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $587,000. Finally, JPMorgan Chase & Co. grew its holdings in C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after buying an additional 36,769 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a research note on Friday. They set a “buy” rating and a $129.00 price target on the stock. Bank of America lowered their price objective on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Citigroup cut their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $118.00 to $130.00 in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.79.

C.H. Robinson Worldwide Trading Up 4.4 %

NASDAQ CHRW opened at $102.45 on Friday. The stock has a market cap of $12.16 billion, a P/E ratio of 26.61, a PEG ratio of 1.16 and a beta of 0.83. The company’s fifty day simple moving average is $101.67 and its 200-day simple moving average is $104.68. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 in the last 90 days. 1.47% of the stock is owned by corporate insiders.

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.