Gotham Asset Management LLC Acquires 45,364 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Gotham Asset Management LLC boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 21.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,665 shares of the transportation company’s stock after purchasing an additional 45,364 shares during the period. Gotham Asset Management LLC owned about 0.22% of C.H. Robinson Worldwide worth $34,512,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Transcend Capital Advisors LLC bought a new stake in C.H. Robinson Worldwide in the third quarter worth about $460,000. Raiffeisen Bank International AG bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $937,000. TD Waterhouse Canada Inc. grew its position in shares of C.H. Robinson Worldwide by 8,726.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 17,452 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of C.H. Robinson Worldwide by 91.8% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,774 shares of the transportation company’s stock worth $1,559,000 after purchasing an additional 5,634 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $118,976,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CHRW. Loop Capital set a $206.00 price objective on C.H. Robinson Worldwide in a report on Monday, February 2nd. Wolfe Research reaffirmed an “outperform” rating and set a $188.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $149.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Finally, Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $181.29.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,368 shares of the company’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 transaction of $1,281,878.40. Following the sale, the insider owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. This represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Arun Rajan bought 605 shares of the stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $167.11 per share, for a total transaction of $101,101.55. Following the completion of the purchase, the insider directly owned 133,656 shares in the company, valued at approximately $22,335,254.16. This represents a 0.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. Corporate insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.6%

NASDAQ:CHRW opened at $170.48 on Tuesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $203.34. The stock’s fifty day moving average price is $181.67 and its two-hundred day moving average price is $157.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market cap of $20.22 billion, a P/E ratio of 35.30, a P/E/G ratio of 1.78 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share 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 analysts’ expectations 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 quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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