Swedbank AB Boosts Stake in C.H. Robinson Worldwide, Inc. $CHRW

Swedbank AB lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 209.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,362 shares of the transportation company’s stock after acquiring an additional 29,332 shares during the quarter. Swedbank AB’s holdings in C.H. Robinson Worldwide were worth $6,971,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mairs & Power Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.7% during the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after acquiring an additional 6,188 shares in the last quarter. Transcend Capital Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $460,000. Raiffeisen Bank International AG purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $937,000. Jones Kertz & Associates Inc. purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $1,557,000. Finally, TD Waterhouse Canada Inc. lifted its stake in C.H. Robinson Worldwide by 8,726.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after buying an additional 17,452 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Robert W. Baird set a $230.00 price target on shares of C.H. Robinson Worldwide in a research note on Friday, May 1st. Evercore raised their price target on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Susquehanna decreased their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Finally, Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.61.

C.H. Robinson Worldwide Stock Up 2.1%

CHRW stock opened at $177.91 on Wednesday. The company has a market cap of $20.97 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.50 and a beta of 0.94. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34. The firm has a 50-day moving average of $172.44 and a two-hundred day moving average of $171.30.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

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.