C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 65.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,339 shares of the transportation company’s stock after selling 4,452 shares during the period. Stevens Capital Management LP’s holdings in C.H. Robinson Worldwide were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $27,000. Clearstead Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares in the last quarter. Park Place Capital Corp purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $39,000. Arlington Trust Co LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling

In other news, insider Arun Rajan acquired 605 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were bought at an average price of $167.11 per share, for a total transaction of $101,101.55. Following the acquisition, the insider owned 133,656 shares of the company’s stock, valued at approximately $22,335,254.16. This trade represents a 0.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto acquired 594 shares of the firm’s 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 acquisition, the insider directly 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. Insiders have bought a total of 2,422 shares of company stock worth $400,801 in the last ninety days. Company insiders own 0.37% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.9%

Shares of CHRW stock opened at $168.59 on Thursday. The stock’s fifty day moving average is $175.19 and its two-hundred day moving average is $167.93. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.53 and a current ratio of 1.59. The firm has a market capitalization of $19.87 billion, a P/E ratio of 34.13, a PEG ratio of 1.67 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $86.58 and a fifty-two week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Benchmark increased their target price on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Evercore increased their target price on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Wells Fargo & Company increased their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Truist Financial increased their target price on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Raymond James Financial set a $210.00 target price on C.H. Robinson Worldwide in a research report on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.27.

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.