Earnest Partners LLC Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Earnest Partners LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 410,216 shares of the transportation company’s stock, valued at approximately $54,313,000. Earnest Partners LLC owned about 0.35% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $118,976,000. Boston Partners raised its position in shares of C.H. Robinson Worldwide by 53.0% in the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after buying an additional 1,218,968 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $72,929,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of C.H. Robinson Worldwide by 119.6% in the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after buying an additional 432,406 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CHRW shares. JPMorgan Chase & Co. upped 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 research note on Monday, January 12th. Morgan Stanley boosted their target price on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an “underweight” rating in a report on Thursday, January 29th. The Goldman Sachs Group restated a “neutral” rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th. Evercore increased their price target on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Sanford C. Bernstein lifted their price objective on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide Stock Down 1.4%

Shares of NASDAQ CHRW opened at $169.39 on Monday. 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 business’s 50 day moving average is $181.60 and its two-hundred day moving average is $157.27. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $203.34. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 1.78 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. The business had revenue of $3.91 billion during 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%.The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the business posted $1.21 earnings per share. Research analysts predict 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. Stockholders of record on Friday, March 6th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.17%.

Insiders Place Their Bets

In related news, insider Michael D. Castagnetto sold 2,849 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $194.20, for a total transaction of $553,275.80. Following the sale, the insider directly owned 28,149 shares of the company’s stock, valued at $5,466,535.80. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction on Monday, February 9th. The stock was 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have bought 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $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.