SEB Asset Management AB Makes New $7.47 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

SEB Asset Management AB purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,984 shares of the transportation company’s stock, valued at approximately $7,470,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth $25,000. Millstone Evans Group LLC raised its position in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. DV Equities LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its stake in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Finally, Bayban bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CHRW shares. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a research report on Friday, May 1st. Stifel Nicolaus boosted their target price on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Citizens Jmp began coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 target price for the company. Jefferies Financial Group upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $200.00 in a research report on Wednesday, May 20th. Finally, Raymond James Financial lowered their price objective on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a report on Thursday, July 2nd. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.62.

C.H. Robinson Worldwide Price Performance

CHRW opened at $209.42 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The stock’s 50 day simple moving average is $185.27 and its 200 day simple moving average is $180.11. The firm has a market cap of $24.68 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 1.77 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 1 year low of $96.89 and a 1 year high of $210.27.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.11 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is presently 51.01%.

C.H. Robinson Worldwide 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.