Nordea Investment Management AB Buys 30,248 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Nordea Investment Management AB boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 311,982 shares of the transportation company’s stock after purchasing an additional 30,248 shares during the quarter. Nordea Investment Management AB owned about 0.26% of C.H. Robinson Worldwide worth $32,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Everence Capital Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $287,000. GAMMA Investing LLC boosted its position in shares of C.H. Robinson Worldwide by 23.6% during the fourth quarter. GAMMA Investing LLC now owns 5,827 shares of the transportation company’s stock worth $602,000 after purchasing an additional 1,114 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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. Lord Abbett & CO. LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $11,865,000. Finally, Franklin Resources Inc. raised its stake in C.H. Robinson Worldwide by 59.6% during the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock worth $8,074,000 after buying an additional 27,370 shares during the period. Institutional investors own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Up 0.5 %

CHRW opened at $104.05 on Wednesday. The stock’s fifty day simple moving average is $106.72 and its 200 day simple moving average is $101.86. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market cap of $12.30 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.38%. The ex-dividend date was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Analyst Ratings Changes

CHRW has been the topic of a number of research analyst reports. Barclays raised their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Susquehanna upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and upped their price target for the company from $115.00 to $130.00 in a report on Friday, January 3rd. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Finally, Evercore ISI upped their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $113.81.

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.