Interval Partners LP Acquires 246,910 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Interval Partners LP lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 529.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 293,561 shares of the transportation company’s stock after purchasing an additional 246,910 shares during the quarter. Interval Partners LP owned 0.25% of C.H. Robinson Worldwide worth $38,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Clearstead Advisors LLC increased its stake in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after acquiring an additional 128 shares during the period. Arlington Trust Co LLC bought a new position in C.H. Robinson Worldwide during the 3rd quarter worth $34,000. MUFG Securities EMEA plc acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at $34,000. Finally, Quent Capital LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $37,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,579 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The stock was sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the transaction, the insider owned 55,611 shares in the company, valued at approximately $11,151,117.72. This trade represents a 13.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. Insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

CHRW has been the topic of several analyst reports. UBS Group set a $160.00 target price on C.H. Robinson Worldwide in a report on Thursday, January 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $215.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. The Goldman Sachs Group reaffirmed 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. Stifel Nicolaus increased their price objective on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Evercore raised their target price on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus 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 $169.39 on Friday. The stock has a 50-day moving average price of $181.60 and a two-hundred day moving average price of $156.85. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34. The company has a market capitalization of $20.09 billion, a PE ratio of 35.07, a P/E/G ratio of 1.81 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.11. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is 52.17%.

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.