Lansforsakringar Fondforvaltning AB publ Increases Position in C.H. Robinson Worldwide, Inc. $CHRW

Lansforsakringar Fondforvaltning AB publ increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.8% during the 1st quarter, Holdings Channel reports. The firm owned 39,669 shares of the transportation company’s stock after acquiring an additional 3,207 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in C.H. Robinson Worldwide were worth $6,588,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in C.H. Robinson Worldwide in the 4th quarter worth $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at about $27,000. DV Equities LLC bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at about $30,000. Finally, Bayban purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.7%

Shares of C.H. Robinson Worldwide stock opened at $189.85 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $96.27 and a twelve month high of $203.34. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average price of $180.09 and a 200-day moving average price of $176.94. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.65 and a beta of 0.91.

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

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TD Cowen increased their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Susquehanna lowered their price target on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Wells Fargo & Company increased their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.35.

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.