USA Financial Formulas Acquires New Position in C.H. Robinson Worldwide, Inc. $CHRW

USA Financial Formulas acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, HoldingsChannel.com reports. The fund acquired 5,994 shares of the transportation company’s stock, valued at approximately $794,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth $32,000. MUFG Securities EMEA plc purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $34,000. FNY Investment Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth $38,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of C.H. Robinson Worldwide by 203.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after acquiring an additional 299 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CHRW. The Goldman Sachs Group lifted their target price on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Stephens set a $173.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Morgan Stanley upped their price objective on C.H. Robinson Worldwide from $77.00 to $85.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Weiss Ratings raised C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Susquehanna set a $165.00 target price on C.H. Robinson Worldwide and gave the company a “positive” rating in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.48.

C.H. Robinson Worldwide Stock Up 0.9%

C.H. Robinson Worldwide stock opened at $166.46 on Friday. The company has a market capitalization of $19.67 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $167.10. The firm has a 50 day moving average price of $148.19 and a 200 day moving average price of $125.87.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. The firm’s revenue was down 10.9% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.5%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.12%.

Insider Activity

In other news, insider Angela K. Freeman sold 49,884 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the transaction, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the transaction, the insider owned 34,046 shares of the company’s stock, valued at $5,164,778.20. This trade represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.47% of the company’s stock.

About C.H. Robinson Worldwide

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.