First Trust Advisors LP Acquires 75,312 Shares of C.H. Robinson Worldwide, Inc. $CHRW

First Trust Advisors LP grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,550,029 shares of the transportation company’s stock after acquiring an additional 75,312 shares during the period. First Trust Advisors LP’s holdings in C.H. Robinson Worldwide were worth $205,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CHRW. Sunpointe LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $425,000. Barclays PLC lifted its holdings in C.H. Robinson Worldwide by 15.8% in the 3rd quarter. Barclays PLC now owns 302,181 shares of the transportation company’s stock worth $40,009,000 after purchasing an additional 41,134 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in C.H. Robinson Worldwide by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,027,045 shares of the transportation company’s stock worth $135,973,000 after purchasing an additional 48,403 shares during the period. Picton Mahoney Asset Management grew its holdings in C.H. Robinson Worldwide by 30,363.6% during the 3rd quarter. Picton Mahoney Asset Management now owns 3,351 shares of the transportation company’s stock valued at $444,000 after buying an additional 3,340 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in C.H. Robinson Worldwide by 16.7% during the 3rd quarter. Victory Capital Management Inc. now owns 459,530 shares of the transportation company’s stock valued at $60,842,000 after buying an additional 65,635 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto acquired 594 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average cost of $168.24 per share, for a total transaction of $99,934.56. Following the completion of the transaction, the insider directly owned 35,488 shares in the company, valued at approximately $5,970,501.12. This trade represents a 1.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the sale, the insider directly owned 52,101 shares of the company’s stock, valued at $10,487,931.30. The trade was a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders purchased 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. Insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Raymond James Financial reissued an “outperform” rating and issued a $215.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Barclays upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $145.00 to $200.00 in a report on Tuesday, December 16th. JPMorgan Chase & Co. increased their price objective on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, January 12th. The Goldman Sachs Group restated a “neutral” rating and set a $149.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $188.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $179.64 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $203.34. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average is $180.33 and its 200 day moving average is $155.30. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 1.89 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the company posted $1.21 EPS. The business’s revenue was down 6.5% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

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.