Waratah Capital Advisors Ltd. Acquires New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Waratah Capital Advisors Ltd. acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,512 shares of the transportation company’s stock, valued at approximately $3,643,000.

Several other hedge funds also recently made changes to their positions in CHRW. Goldman Sachs Group Inc. lifted its position in C.H. Robinson Worldwide by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after purchasing an additional 24,788 shares during the period. United Services Automobile Association acquired a new stake in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $259,000. Empowered Funds LLC boosted its stake in shares of C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after buying an additional 350 shares in the last quarter. Woodline Partners LP boosted its stake in shares of C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after buying an additional 2,930 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.1%

Shares of CHRW opened at $177.35 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. The firm has a 50 day simple moving average of $177.04 and a 200-day simple moving average of $151.92.

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

C.H. Robinson Worldwide Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHRW. Raymond James Financial restated an “outperform” rating and set a $215.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Bank of America boosted their price objective on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, December 24th. Loop Capital set a $206.00 target price on shares of C.H. Robinson Worldwide in a research report on Monday, February 2nd. Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a research 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 report on Tuesday, February 17th. Fifteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $181.29.

Insider Activity

In related news, insider Angela K. Freeman sold 8,579 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $200.52, for a total value of $1,720,261.08. Following the completion of the transaction, the insider owned 55,611 shares of the company’s stock, valued at approximately $11,151,117.72. The trade was a 13.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto bought 594 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $168.24 per share, for a total transaction of $99,934.56. Following the completion of the acquisition, the insider owned 35,488 shares in the company, valued at $5,970,501.12. This represents a 1.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. 0.91% of the stock is owned by company insiders.

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.