DNB Asset Management AS Decreases Holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

DNB Asset Management AS trimmed its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,371 shares of the transportation company’s stock after selling 568 shares during the period. DNB Asset Management AS’s holdings in C.H. Robinson Worldwide were worth $1,906,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CHRW. Boston Trust Walden Corp grew its stake in shares of C.H. Robinson Worldwide by 3.9% during the fourth quarter. Boston Trust Walden Corp now owns 98,039 shares of the transportation company’s stock valued at $7,666,000 after buying an additional 3,647 shares during the last quarter. Manning & Napier Group LLC raised its position in C.H. Robinson Worldwide by 5.5% during the 4th quarter. Manning & Napier Group LLC now owns 77,920 shares of the transportation company’s stock valued at $6,092,000 after purchasing an additional 4,070 shares during the last quarter. Bright Rock Capital Management LLC raised its position in C.H. Robinson Worldwide by 11.2% during the 4th quarter. Bright Rock Capital Management LLC now owns 99,000 shares of the transportation company’s stock valued at $7,742,000 after purchasing an additional 10,000 shares during the last quarter. Rockland Trust Co. raised its position in C.H. Robinson Worldwide by 4.4% during the 4th quarter. Rockland Trust Co. now owns 189,627 shares of the transportation company’s stock valued at $14,829,000 after purchasing an additional 8,009 shares during the last quarter. Finally, Evoke Wealth LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $196,000. Institutional investors own 94.64% of the company’s stock.

In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. acquired 665 shares of the business’s stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $75.15 per share, for a total transaction of $49,974.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Michael W. Neill sold 671 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $74.63, for a total transaction of $50,076.73. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.

CHRW has been the topic of a number of recent analyst reports. Zacks Investment Research lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating and set a $84.00 price objective on the stock. in a research report on Thursday, January 9th. BidaskClub upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and set a $100.00 target price for the company in a report on Wednesday. Loop Capital restated a “buy” rating and set a $95.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, January 8th. Finally, Morgan Stanley decreased their target price on C.H. Robinson Worldwide from $59.00 to $57.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $87.09.

Shares of C.H. Robinson Worldwide stock opened at $80.74 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.75. The company has a market cap of $10.92 billion, a PE ratio of 17.07, a P/E/G ratio of 2.09 and a beta of 0.61. The business has a 50 day moving average of $77.87 and a 200 day moving average of $81.65. C.H. Robinson Worldwide Inc has a 52 week low of $74.12 and a 52 week high of $92.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, October 29th. The transportation company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.92 billion. C.H. Robinson Worldwide had a net margin of 4.25% and a return on equity of 40.43%. C.H. Robinson Worldwide’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. On average, research analysts anticipate that C.H. Robinson Worldwide Inc will post 4.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.04 annualized dividend and a yield of 2.53%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.50. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 43.13%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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