Handelsbanken Fonder AB Increases Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Handelsbanken Fonder AB increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 36,800 shares of the transportation company’s stock after purchasing an additional 4,000 shares during the period. Handelsbanken Fonder AB’s holdings in C.H. Robinson Worldwide were worth $6,931,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $25,000. Millstone Evans Group LLC lifted its stake in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new position in C.H. Robinson Worldwide in the 2nd quarter valued at $30,000. Finally, Cornerstone Planning Group LLC boosted its holdings in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.5%

CHRW stock opened at $148.57 on Friday. The company has a market capitalization of $17.36 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a one year low of $120.56 and a one year high of $210.33. The company’s 50 day moving average price is $180.23 and its two-hundred day moving average price is $178.74. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.18 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $0.63 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.7%. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CHRW shares. BMO Capital Markets upped their price target on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Wells Fargo & Company upped their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen cut their price objective on C.H. Robinson Worldwide from $155.00 to $152.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $197.00.

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.